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

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)

2016 European Grand Prix - FP3 (Saturday June 18 2016)

2016 European Grand Prix - FP2 (Friday June 17 2016)

2016 European Grand Prix - FP1 (Friday June 17 2016)

Pirelli reveal Baku tyre choices (Wednesday June 15 2016)

Rosberg was p***** off (Tuesday June 14 2016)

Who will win in Baku? (Monday June 13 2016)

Blog: Canadian GP Report (Monday June 13 2016)

2016 - Canada GP - Race (Sunday June 12 2016)

Blog: Montreal Qualifying (Sunday June 12 2016)

2016 Canada GP - Qualifying (Sunday June 12 2016)

2016 Canada GP - FP3 (Saturday June 11 2016)

2016 Canada GP - FP2 (Saturday June 11 2016)

2016 Canada GP - FP1 (Saturday June 11 2016)

Ericsson & Nasr at breaking point? (Thursday June 9 2016)

Blog: Montreal Preview (Wednesday June 8 2016)

Red Bull & Renault agree new deal! (Wednesday June 8 2016)

Who will win in Canada? (Monday June 6 2016)

More criticism for Kvyat (Thursday June 2 2016)

Blog: Monaco GP Report (Sunday May 29 2016)

2016 Monaco GP - Race (Sunday May 29 2016)

Blog: Monaco Qualifying (Saturday May 28 2016)

2016 Monaco GP - Qualifying (Saturday May 28 2016)

2016 Monaco GP - FP3 (Saturday May 28 2016)

2016 Monaco GP - FP2 (Thursday May 26 2016)

2016 Monaco GP - FP1 (Thursday May 26 2016)

Blog: Monaco Preview (Thursday May 26 2016)

Who will win in Monaco? (Monday May 23 2016)

Lauda slams Hamilton (Tuesday May 17 2016)

Seven score race wins in Spain (Tuesday May 17 2016)

Mercedes duo crash (Monday May 16 2016)

Blog: Spanish GP Report (Sunday May 15 2016)

2016 Spain GP - Race (Sunday May 15 2016)

Blog: Barcelona Qualifying (Saturday May 14 2016)

2016 Spain GP - Qualifying (Saturday May 14 2016)

2016 Spain GP - FP3 (Saturday May 14 2016)

2016 Spanish GP - FP2 (Friday May 13 2016)

2016 Spanish GP - FP1 (Friday May 13 2016)

Blog: Barcelona Preview (Wednesday May 11 2016)

Renault have big plans for Spain (Wednesday May 11 2016)

Who will reign in Spain? (Monday May 9 2016)

Bottas content with Russia finish (Thursday May 5 2016)

What was Sebastian to do? Fly? (Wednesday May 4 2016)

Russian roulette (Monday May 2 2016)

Blog: Russian GP Report (Monday May 2 2016)

2016 Russia GP - Race (Sunday May 1 2016)

2016 Russia GP - Qualifying (Saturday April 30 2016)

2016 Russia GP - FP3 (Saturday April 30 2016)

2016 Russia GP - FP2 (Saturday April 30 2016)

2016 Russia GP - FP1 (Friday April 29 2016)

Hamilton has one eye on retirement (Friday April 29 2016)

Horner praise for Renault (Thursday April 28 2016)

Booth returns to Formula One (Thursday April 28 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 1091
2. DJ 1050
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 584
6. Druss_the_Legend 559
7. Push The Button 477
8. col8 334
9. The Intimidator 184
10. __villa__ 145

Current Site Poll (view all polls)

Are radio restrictions to tight?
Yes 73%
No 27%
No idea 0%