News Details
INEOS takes 33% stake in Mercedes-AMG F1 team
Mercedes principal partner INEOS will become a part owner of the German manufacturer's F1 team, holding an equal number of shares as Daimler AG and team boss Toto Wolff. INEOS joined Mercedes at the start of the year as a major sponsor of the Brackley squad, and last summer rumors emerged about a possible buy-out of the championship winning team by the UK petrochemical giant. Ultimately, INEOS will enjoy a one-third stake in the team while continuing as its principal sponsor. The shareholding structure will see Daimler reduce its current 60% holding while Wolff will increase his current 30% stake, in order to create three equal partners in the company. Furthermore, under the new...
Full Story »
Full Story »
You May Also Be Interested In...
INEOS buys one-third stake in Mercedes F1 team, Wolff...
Mercedes-AMG Petronas Formula 1 Team welcomes INEOS as a one third equal...
4y ago from GrandPrix247.com
INEOS purchase a third shareholding in Mercedes AMG
Mercedes AMG F1 team's ownership will now be split three ways, as INEOS...
4y ago from FormulaSpy.com
INEOS takes one-third stake in Mercedes F1 team
Mercedes has announced that INEOS will become a one third shareholder in...
4y ago from Pitpass.com
Three more years for Wolff, INEOS increase stake
Toto Wolff has signed a new three-year deal to remain team principal of...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
5d ago from Motorsport.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
2d ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
2d ago from Motorsport.com
Marc Marquez: ‘Not normal to win every weekend’...
Marc Marquez admits “it’s not normal to win every weekend” despite...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Nashville – Qualifying Results
The final qualifying session of the 2025 IndyCar season took place on...
32m ago from MotorsportWeek.c...
O’Ward tops 202 MPH to take IndyCar pole in Nashville
The NTT IndyCar Series is visiting Nashville Superspeedway this weekend,...
42m ago from MotorsportWeek.c...
Callum Ilott, Christian Rasmussen given IndyCar grid...
The NTT IndyCar Series has handed out grid penalties for two drivers...
6h ago from MotorsportWeek.c...
Pato O’Ward turns quickest lap in practice for...
IndyCar took to the Nashville Superspeedway oval on Saturday afternoon,...
4h ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport Ford team hits bedrock at WRC Rally Paraguay...
No description available...
1h ago from Motorsport.com
WRC Paraguay: Ott Tanak loses victory hopes, Kalle...
No description available...
4h ago from Motorsport.com
WRC Rally Paraguay leaderboard in disarray after...
No description available...
22h ago from Motorsport.com
WRC Paraguay: Adrien Fourmaux leads, Sebastien Ogier...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
West Ham may have edge over Euro giants in race to...
West Ham United have reportedly joined the race for the potential transfer...
7h ago from CaughtOffside.com
Done deals: Arsenal set to confirm two major defensive...
Arsenal are pushing to wrap up two significant defensive deals before the...
11h ago from FreshArsenal.com
'Talks ongoing' – David Ornstein provides update...
Arsenal left-back Oleksandr Zinchenko is a transfer target for Marseille,...
12h ago from CaughtOffside.com
Exclusive details on complicated structure of Piero...
Piero Hincapie is set to become an Arsenal player as there's an agreement...
10h ago from CaughtOffside.com
Comments
Hottest News
FIA issue Max Verstappen penalty verdict at Dutch GP
The FIA have announced their penalty verdict for... Read More »
4h ago from GPFans.com
Sky F1 pundit calls for Max Verstappen demotion after Dutch...
Sky F1 pundit Karun Chandhok has called for Max... Read More »
2h ago from GPFans.com
F1: Dutch Grand Prix: Post Qualifying press conference
Today's post-qualifying press conference with... Read More »
42m ago from Pitpass.com
