Vital F1 | Mercedes complete buy-out
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Mercedes complete buy-out

Mercedes and its Abu Dhabi based partner Aabar Investment now own 100% of the former Brawn GP team.

The final 29.4% of the team which was still owned by Ross Brawn, Nick Fry, Caroline McGrory, John Marsden and Nigel Kerr; who had previously been involved in the buy out of the former Honda team, have now sold their last remaining stake in the team.

From the sale, Mercedes parent company Daimler has now increased its stake from 45.1% to 60%, with Aabar now owning 40%.

Ross Brawn will remain as Mercedes GP team principal and in a press statement he said: “Motor racing, particularly Formula 1, is a very specialised industry, and we are privileged to have such strong and understanding partners as Daimler and Aabar to support our joint ambitions. I remain fully committed to our team for the long-term, along with the management team and all of our employees. We all look forward to the challenge of making our team successful, and proudly representing Mercedes-Benz and the racing tradition of the Silver Arrows.”

CEO of Daimler AG and Head of Mercedes-Benz Cars Dr Dieter Zetsche, said: “This majority stake holding demonstrates our determination to build a long-term Formula 1 involvement on an even more successful platform.”

The news in the immediate future will see no changes at Mercedes, the company do not plan to increase the teams budget and there will be no changes in personnel.

The former shareholders had not previously planned to be part owners in a Formula One team and had been forced into the position after Honda’s shock decision to pull out of F1 ahead of the 2009 season.

Brawn and his then fellow shareholders bought the team, formed Brawn GP and went on to win both the constructors championship and driver’s championship with Jenson Button.

At the end of the 2009 season Mercedes took over Brawn and this is just the final move in that process.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Tuesday March 1 2011

Time: 11:00AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Blog: Spa Preview (Wednesday August 24 2016)

Who will win at Spa? (Monday August 22 2016)

Formula One is a team sport (Friday August 19 2016)

Haas close to confirming new line-up (Wednesday August 17 2016)

All eyes on Ocon (Tuesday August 16 2016)

Toro Rosso expect team-mate rivalry (Friday August 12 2016)

Just let them drive! Says Wolff (Tuesday August 9 2016)

Rosberg will bounce back (Monday August 8 2016)

F1 penalties too inconsistent (Monday August 8 2016)

Ferrari form is painful (Friday August 5 2016)

Alonso unhappy (Friday August 5 2016)

Kvyat a broken man (Thursday August 4 2016)

Pirelli test new wide tyres (Wednesday August 3 2016)

Verstappen earning trust at Red Bull (Wednesday August 3 2016)

Blog: German GP Report (Tuesday August 2 2016)

New leader after Germany drama (Monday August 1 2016)

2016 German Grand Prix - Race (Sunday July 31 2016)

Blog: Hockenheim Qualifying (Saturday July 30 2016)

2016 German Grand Prix - Qualifying (Saturday July 30 2016)

2016 German Grand Prix - FP3 (Saturday July 30 2016)

2016 German Grand Prix - FP2 (Friday July 29 2016)

2016 German Grand Prix - FP1 (Friday July 29 2016)

Championship will be lost by DNFs (Thursday July 28 2016)

Blog: Hockenheim Preview (Tuesday July 26 2016)

Who will win in Germany? (Monday July 25 2016)

Blog: Hungarian GP Report (Sunday July 24 2016)

2016 Hungarian Grand Prix - Race (Sunday July 24 2016)

Blog: Hungaroring Qualifying (Saturday July 23 2016)

2016 Hungarian Grand Prix - FP3 (Saturday July 23 2016)

2016 Hungarian Grand Prix - FP2 (Friday July 22 2016)

2016 Hungarian Grand Prix - FP1 (Friday July 22 2016)

FIA clarify radio communications (Friday July 22 2016)

Peter Sauber retires as team is sold (Thursday July 21 2016)

Blog: Hungaroring Preview (Tuesday July 19 2016)

Who will win in Hungary? (Monday July 18 2016)

Hamilton Mania (Wednesday July 13 2016)

Ferrari keeping an eye on Hamilton (Tuesday July 12 2016)

Blog: British GP Report (Monday July 11 2016)

Hamilton Mania (Monday July 11 2016)

2016 British GP - Race (Sunday July 10 2016)

Blog: Silverstone Qualifying (Saturday July 9 2016)

2016 British Grand Prix - FP3 (Saturday July 9 2016)

2016 British Grand Prix - FP2 (Friday July 8 2016)

2016 British Grand Prix - FP1 (Friday July 8 2016)

Blog: Silverstone Preview (Thursday July 7 2016)

Reckless Rosberg (Monday July 4 2016)

Who will win in Britain? (Monday July 4 2016)

Blog: Austrian GP Report (Sunday July 3 2016)

2016 Austrian GP - Race (Sunday July 3 2016)

Blog: Red Bull Ring Qualifying (Saturday July 2 2016)

2016 Austrian GP - Qualifying (Saturday July 2 2016)

2016 Austrian GP - FP3 (Saturday July 2 2016)

2016 Austrian GP - FP2 (Friday July 1 2016)

2016 Austrian GP - FP1 (Friday July 1 2016)

Blog: Red Bull Ring Preview (Thursday June 30 2016)

Who will win in Austria? (Monday June 27 2016)

F1 musical chairs begins (Thursday June 23 2016)

Blog: European GP Report (Monday June 20 2016)

2016 European Grand Prix - Race (Sunday June 19 2016)

Blog: Baku Qualifying (Saturday June 18 2016)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1097
2. DJ 1064
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 585
6. Druss_the_Legend 564
7. Push The Button 483
8. col8 334
9. The Intimidator 189
10. __villa__ 145

Current Site Poll (view all polls)

Who will win at Spa?
Hamilton 39%
Rosberg 10%
Ricciardo 15%
Verstappen 36%
Vettel 0%
Raikkonen 0%
Someone else 0%