News Details
Ferrari could take $25m stake in F1
Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.
F1 business journalists Christian Sylt and Caroline Reid reveal that, as a non-executive director of the sport's holding company Delta Topco, departing Ferrari president held an option to buy into F1 to the tune of about $25 million.
But a source close the Maranello team explained: "Ferrari, not Mr Montezemolo, is entitled to exercise the rights."
The source added that "these rights are for Ferrari, and once again not ad personam for Mr Montezemolo".
Montezemolo received the option in 2012 as formula one organised itself ahead of a floatation on the Singapore Stock...
Full Story »
Full Story »
11y ago from GrandPrix.com
0
You May Also Be Interested In...
Ferrari gets shares in F1
We all know that Ferrari's influence in Formula One stretches far and...
11y ago from Pitpass.com
Brawn: No discussions with Ferrari but never say never
Ross Brawn in demand
In the aftermath of a major upheaval at Ferrari, Ross...
11y ago from GrandPrix247.com
Billionaire Stroll looking to buy Sauber F1 Team
Sauber is on the brink of being taken over by Canadian billionaire...
11y ago from TheF1Times.com
Wolff looking to sell more of Williams stake
Toto Wolff
Mercedes motorsport boss Toto Wolff is still working on...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez to undergo surgery following Le Mans...
Marc Marquez has revealed he will undergo surgery on both his shoulder...
3h ago from MotorsportWeek.c...
Instinct and faith, the keys to Jorge Martin's...
No description available...
2h ago from Motorsport.com
Marc Marquez to miss at least two races after French...
No description available...
4h ago from Motorsport.com
Trackhouse boss Davide Brivio quits for factory Honda...
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Indianapolis road course – Qualifying Results
After being delayed due to weather on Friday, IndyCar completed a full...
2h ago from MotorsportWeek.c...
Alex Palou storms to IndyCar pole at IMS
Late Saturday morning, the 25 drivers of the NTT IndyCar Series took to...
2h ago from MotorsportWeek.c...
Alex ‘perfect’ Palou claims Indy road course pole...
No description available...
2h ago from Motorsport.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
WRC Portugal: Oliver Solberg stunningly jumps to first...
No description available...
7h ago from Motorsport.com
WRC Portugal: Organisers investigate major stage...
No description available...
23h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
1d ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Rodri injury 'more serious' than expected – big...
The Rodri injury reportedly seems worse than Manchester City initially...
2h ago from CaughtOffside.com
Merse: Can't see anything apart from Arsenal winning...
Paul Merson thinks Arsenal winning the league is done deal after...
5h ago from SkySports.com
Update on PSG trio's fitness and chances of returning...
Paris Saint-Germain reportedly expect to have Achraf Hakimi, Lucas...
8h ago from CaughtOffside.com
Bayern rival Arsenal for signing of £70m Newcastle...
Bayern Munich are reportedly eyeing up a potential summer transfer window...
10h ago from CaughtOffside.com
Comments
Hottest News
Gary Anderson explains why "2026 Formula 1 package...
Formula 1 veteran engineer Gary Anderson has... Read More »
2h ago from GrandPrix247.com
Christian Horner causes uproar with remark about F1...
Former Red Bull F1 team boss Christian Horner... Read More »
2h ago from GPFans.com
Mercedes proposes F1 ‘mega-engine' amid V8 engine...
Despite calling on naysayers of Formula 1's new... Read More »
2h ago from MotorsportWeek.com
