News Details
INEOS a ‘turning point' for F1 sports franchises
Not only is INEOS's investment in the Mercedes team a game-changer for them, but the same can be said for Formula 1 in general. Following the conclusion of the 2020 Formula 1 season it was confirmed that Toto Wolff would remain team principal and CEO of the Mercedes outfit, but also that he had become a one-third owner. Mercedes' parent company Daimler reduced their share to a third with INEOS, Mercedes' 2020 sponsor, also buying a third of the team to create three equal partners. However, this investment has a far greater impact on Formula 1 as a whole Wolff believes. With a budget cap now coming into force for 2021, capping teams at spending $145million per season with certain exceptions...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
INEOS investment in Mercedes "a turning...
Toto Wolff believes the recent investment of INEOS in Mercedes represents...
5y ago from GPFans.com
Alpine to develop new EV sports car together with Lotus
Renault's Alpine unit will be developing a next generation electric...
5y ago from FormulaSpy.com
These two reasons were behind the sale of Williams to...
Last spring, Williams became the first Formula One team to be wholly...
5y ago from GPBlog.com
Jos Verstappen: It would be best if Max and Lewis were...
Jos Verstappen believes that the 'whole world' is waiting for Lewis...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin to drop three places on Spanish GP grid...
No description available...
8h ago from Motorsport.com
Marc Marquez can only "survive" in Spanish...
No description available...
8h ago from Motorsport.com
Pedro Acosta explains Q1 relegation, hopes Jerez is...
No description available...
9h ago from Motorsport.com
Davide Brivio: 'It's time for Trackhouse to get an...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
7h ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
3d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
3d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Canary Islands: Sebastien Ogier leads as Toyota...
No description available...
3h ago from Motorsport.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
6h ago from MotorsportWeek.c...
Dani Sordo reacts to interest from WRC’s newest...
No description available...
8h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier extends lead as...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Man United look to beat La Liga giants in...
Atalanta midfielder Ederson has been linked with a move away from the...
5h ago from CaughtOffside.com
Arteta targets 60m speedster as Man United prepare bid...
Karim Adeyemi has been linked with a move away from Borussia Dortmund at...
6h ago from CaughtOffside.com
'We are all in. Let’s go for it' - Mikel Arteta...
Arsenal boss Mikel Arteta has urged his players to rise to the occasion...
7h ago from SportsKeeda.com
Mikel Arteta confirms 2 key Arsenal stars will return...
Arsenal manager Mikel Arteta has confirmed that Riccardo Calafiori and...
8h ago from SportsKeeda.com
Comments
Hottest News
US star turned down Red Bull F1 contract: 'This is why I...
Former IndyCar star and F1 hopeful Colton Herta... Read More »
3h ago from GPFans.com
Sky Sports F1 pundit stars in James Bond movie
A Sky Sports F1 pundit and presenter made the... Read More »
4h ago from GPFans.com
Red Bull copy Ferrari as major 2026 upgrade revealed
Red Bull F1 team debuted a drastically revamped... Read More »
5h ago from GPFans.com
