Ineos in link to Mercedes Formula 1 buy-in

Mercedes partner Ineos has been linked with a deal that could result in it taking a team shareholding, but a full takeover of the outfit is believed to be unlikely.

Ineos in link to Mercedes Formula 1 buy-in
Listen to this article

Former grand prix boss Eddie Jordan fuelled speculation about the move in an interview with the Mail on Sunday, as he suggested that Ineos and its CEO was about to launch a £700 million buyout of the Mercedes F1 team.

Jordan said: “The ownership of the team is going to be taken over by Sir Jim Ratcliffe and Ineos.

"The Ineos name is already on the side of the car anyway and they have this technological partnership, so this is a nice way out for Mercedes.

“The team will be called Ineos but it will still be run from the factory in Brackley and Mercedes will retain a 30 per cent share in it. It will not be known as Mercedes any more and Toto Wolff, the team principal, will no longer be in charge.”

Such a dramatic exit for Mercedes is understood to be unlikely however, with the German car manufacturer having been clear in recent months that it is fully committed to remaining in F1 as a works team for many years to come.

However, what cannot be ruled out is Ineos ramping up its involvement in the outfit by buying a shareholding on the back of it becoming a major sponsor and technical partner earlier this year.

Mercedes still has to decide what will happen to the 10 percent of shares that were owned by Niki Lauda, and it could be that Ineos steps in and purchases those to firm up its commitment.

Furthermore, it is not impossible that Mercedes (which owns 60 percent of the team) or Wolff (who owns 30 percent) could also sell some of their equity.

Mercedes has declined to elaborate on whether or not such a scenario could play out.

A spokesman said “We ask for your understanding that we don't comment on rumour and speculation.”

Read Also:

Regarding Wolff’s future, the Austrian is expected to confirm soon that he is moving into a revised role with the outfit, as he wishes to change the scope of his responsibilities as team principal.

Last week, Wolff admitted that running the team for eight years had taken a lot out of him.

“I love this team and I get along with [Mercedes CEO] Ola Kallenius fantastically,” said Wolff. “I think this is my place.

“It is just that eight years in this team as a team principal are taking its toll, and this is something that I’m reflecting on.”

As well as being a valuable contributor to Mercedes’ sponsorship portfolio alongside title sponsor Petronas, Ineos is involved in a performance partnership with Mercedes which involves its Tour de France-winning cycling team and a new Applied Science division.

shares
comments

Related video

Confidence key to improved Mugello form, says Albon
Previous article

Confidence key to improved Mugello form, says Albon

Next article

FIA to clamp down on slow pit entry under safety car in F1

FIA to clamp down on slow pit entry under safety car in F1
Load comments
The historic clues that offer hints of Hamilton’s next move Prime

The historic clues that offer hints of Hamilton’s next move

OPINION: Uncertainty over Lewis Hamilton's future has persisted since the race direction call that denied him an eighth world title in Abu Dhabi last month. But while walking away would be understandable, Hamilton has time and again responded well in the face of adversity and possesses all the tools needed to bounce back stronger than ever

Formula 1
Jan 26, 2022
What the FIA must do to restore F1's credibility Prime

What the FIA must do to restore F1's credibility

OPINION: The first stage of the 2022 Formula 1 pre-season is just over a month away, but the championship is still reeling from the controversial results of last year’s finale. The FIA acknowledges F1 has had its reputation dented as a result, so here’s how it could go about putting things right

Formula 1
Jan 25, 2022
The six subplots to watch in 2022 as a new F1 era begins Prime

The six subplots to watch in 2022 as a new F1 era begins

As Formula 1 prepares to begin a new era of technical regulations in 2022, We pick out six other key elements to follow this season

Formula 1
Jan 24, 2022
Why newly-retired Kimi Raikkonen won't miss F1 Prime

Why newly-retired Kimi Raikkonen won't miss F1

After 349 grand prix starts, 46 fastest laps, 21 wins and one world championship, Kimi Raikkonen has finally called time on his F1 career. In an exclusive interview with Motorsport.com on the eve of his final race, he explains his loathing of paddock politics and reflects on how motorsport has changed over the past two decades.

Formula 1
Jan 23, 2022
Unpacking the technical changes behind F1 2022's rules shake-up Prime

Unpacking the technical changes behind F1 2022's rules shake-up

Formula 1 cars will look very different this year as the long-awaited fresh rules finally arrive with the stated aim of improving its quality of racing. We break down what the return of 'ground effect' aerodynamics - and a flurry of other changes besides - means for the teams, and what fans can expect

Formula 1
Jan 21, 2022
Why F1's new era is still dogged by its old world problems Prime

Why F1's new era is still dogged by its old world problems

OPINION: The 2022 Formula 1 season is just weeks away from getting underway, but instead of focusing on what is to come, the attention still remains on what has been – not least the Abu Dhabi title decider controversy. That, plus other key talking points, must be resolved to allow the series to warmly welcome in its new era

Formula 1
Jan 20, 2022
The Schumacher trait that will give Haas hope in F1 2022 Prime

The Schumacher trait that will give Haas hope in F1 2022

Mick Schumacher’s knack of improving during his second season in a championship was a trademark of his junior formula career, so his progress during his rookie Formula 1 campaign with Haas was encouraging. His target now will be to turn that improvement into results as the team hopes to reap the rewards of sacrificing development in 2021

Formula 1
Jan 19, 2022
The “glorified taxi” driver central to F1’s continued safety push Prime

The “glorified taxi” driver central to F1’s continued safety push

As the driver of Formula 1’s medical car, Alan van der Merwe’s job is to wait – and hope his skills aren’t needed. James Newbold hears from F1’s lesser-known stalwart.

Formula 1
Jan 15, 2022