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 »
3y 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...
3y 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...
3y 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...
3y 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...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Barcelona GP: Bagnaia takes vital sprint win to...
No description available...
2h ago from Motorsport.com
How Jorge Martin and Francesco Bagnaia can win the...
No description available...
1h ago from Motorsport.com
MotoGP Barcelona GP: Bagnaia on pole for finale,...
No description available...
5h ago from Motorsport.com
Francesco Bagnaia keeps MotoGP title alive with...
Francesco Bagnaia clinched victory in the MotoGP Sprint race in...
2h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
1d ago from Motorsport.com
Penske Entertainment buys Grand Prix of Long Beach
No description available...
2d ago from Motorsport.com
Penske purchases Grand Prix Association of Long Beach
Penske Entertainment announced Thursday that it has acquired the Grand...
2d ago from MotorsportWeek.c...
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
1d ago from Motorsport.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
1d ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
5d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Chelsea, Arsenal 'suffer transfer blow' as...
Victor Osimhen is reportedly not interested in ending his loan spell with...
1h ago from SportsMole.co.uk
“It is still sensitive for them, not for me” -...
No description available...
1h ago from SportsKeeda.com
'He’s a wasted talent ' - Graeme Souness launches...
No description available...
3h ago from SportsKeeda.com
'How many of them has he made significantly better?' -...
No description available...
5h ago from SportsKeeda.com
Comments
Hottest News
Red Bull reveal team release ahead of Las Vegas Grand Prix
Red Bull Formula 1 team have revealed an... Read More »
55m ago from GPFans.com
"They'll be a deserving champion": Villeneuve on...
"The odds are very much in Max's... Read More »
55m ago from GPBlog.com
Haas slams proposed 2026 rule change as a ‘killer’ for...
Haas team principal Ayao Komatsu has expressed... Read More »
2h ago from F1i.com
