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 »
4y 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...
4y 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...
4y 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...
4y 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...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta tops the timesheets in opening MotoGP...
KTM’s Pedro Acosta set the early pace as he topped the timesheets in...
4h ago from MotorsportWeek.c...
Guenther Steiner acquires ownership of the Tech3 KTM...
A consortium led by former Haas F1 team principal Gunther Steiner has...
3h ago from MotorsportWeek.c...
Guenther Steiner reveals inside story behind Tech3...
No description available...
1h ago from Motorsport.com
Guenther Steiner leads takeover of Tech3 KTM MotoGP...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
2d ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
1d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
1d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
4d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
3d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Club accelerating efforts to sign Arsenal star while...
Arsenal are reportedly still facing interest in versatile Belgian attacker...
4h ago from CaughtOffside.com
'Clause only for Liverpool' revealed as Reds have edge...
Liverpool have the edge over Premier League rivals such as Chelsea and...
6h ago from CaughtOffside.com
Arsenal plot surprise decision after ‘smart...
Arsenal handed a new contract to Belgian attacker Leandro Trossard last...
35m ago from CaughtOffside.com
Sources: Tottenham to try again for 50m Arsenal target...
Tottenham are continuing to show a strong interest in a potential transfer...
4h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Italian Grand Prix – FP1 Results
Lewis Hamilton went fastest in the opening... Read More »
1h ago from MotorsportWeek.com
LIVE: 2025 F1 Italian Grand Prix - Monza Free Practice 1
Follow all the action live from Monza with Free... Read More »
3h ago from RacingNews365.com
McLaren delivers update on Lando Norris F1 power unit...
McLaren has provided an update on the power unit... Read More »
55m ago from MotorsportWeek.com
