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

Ferrari lucky to have 2 great champions (Wednesday August 20 2014)

Introducing Max Verstappen (Tuesday August 19 2014)

2014 Ferrari doesn't suit Kimi (Tuesday August 19 2014)

Who will win the Belgian Grand Prix? (Monday August 18 2014)

New Ground For Mercedes (Monday August 18 2014)

Lowe rejects Newey claim (Friday August 15 2014)

Kimi targets race wins in 2015 (Tuesday August 12 2014)

Grosjean uncertain over future (Monday August 11 2014)

Blog: Time for Bernie to go (Thursday August 7 2014)

Nico didn't get close enough - Wolff (Wednesday August 6 2014)

New deal for Australia (Monday August 4 2014)

Luck will turn for Vettel (Monday August 4 2014)

Newey critical of 'GP1' era (Friday August 1 2014)

McLaren made catastrophic error (Friday August 1 2014)

Ericsson and Perez ok after crashes (Wednesday July 30 2014)

Blog: Hungarian GP Report (Tuesday July 29 2014)

Lauda backing for Hamilton (Monday July 28 2014)

2014 - Hungary - Race (Sunday July 27 2014)

Blog: Hungaroing Qualifying (Sunday July 27 2014)

2014 - Hungary - Qualifying (Saturday July 26 2014)

2014 - Hungary - FP3 (Saturday July 26 2014)

2014 - Hungary - FP2 (Friday July 25 2014)

2014 - Hungary - FP1 (Friday July 25 2014)

Could F1 pull Russian Grand Prix? (Thursday July 24 2014)

F1 return to Mexico confirmed (Thursday July 24 2014)

McLaren and Mercedes target Vettel (Thursday July 24 2014)

Wolff predicts Abu Dhabi showdown (Wednesday July 23 2014)

Who will win in Hungary? (Tuesday July 22 2014)

Blog: German GP Report (Tuesday July 22 2014)

Alonso loved Ricciardo tussle (Monday July 21 2014)

Button backtracks (Monday July 21 2014)

What a week for Rosberg (Monday July 21 2014)

2014 - Germany - Race (Sunday July 20 2014)

Blog: Hockenheim Qualifying (Sunday July 20 2014)

2014 - Germany - Qualifying (Saturday July 19 2014)

2014 - Germany - FP3 (Saturday July 19 2014)

2014 - Germany - FP2 (Friday July 18 2014)

2014 - Germany - FP1 (Friday July 18 2014)

Mercedes play down FRIC ban (Friday July 18 2014)

F1 title chase starts now (Wednesday July 16 2014)

McLaren confident in upgrades (Tuesday July 15 2014)

Bianchi impresses for Ferrari (Thursday July 10 2014)

Massa quickest at Silverstone test (Wednesday July 9 2014)

Rosberg plays down Hamilton row (Wednesday July 9 2014)

Bottas finish surprises Williams (Tuesday July 8 2014)

I was lucky says Chilton (Monday July 7 2014)

Raikkonen ok after horror smash (Monday July 7 2014)

Rosberg reflects (Monday July 7 2014)

Perfect day for Hamilton (Monday July 7 2014)

2014 - Britain - Race (Sunday July 6 2014)

Blog: Silverstone Qualifying (Sunday July 6 2014)

2014 - Britain - Qualifying (Saturday July 5 2014)

2014 - Britain - FP3 (Saturday July 5 2014)

2014 - Britain - FP2 (Friday July 4 2014)

2014 - Britain - FP1 (Friday July 4 2014)

Button hits back at Dennis (Friday July 4 2014)

Pirelli boss defends F1 2014 tyres (Thursday July 3 2014)

Caterham sold (Thursday July 3 2014)

McLaren boss critical of Button (Wednesday July 2 2014)

Bernie wants three car teams (Wednesday July 2 2014)

Blog: Silverstone Memories (Tuesday July 1 2014)

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 1017
2. DJ 879
3. The Fear 771
4. Villaininthemerde 612
5. johnkelv 569
6. Druss_the_Legend 519
7. Push The Button 432
8. col8 334
9. The Intimidator 146
10. __villa__ 145

Current Site Poll (view all polls)

Who will win the Belgian Grand Prix?
Rosberg 14%
Hamilton 45%
Ricciardo 0%
Vettel 0%
Bottas 4%
Massa 12%
Someone else 25%