News Details

Ferrari gets shares in F1

We all know that Ferrari's influence in Formula One stretches far and wide but the true extent of it has not come to light until now. The Scuderia has become the first ever team to own a stake in F1 as it has been handed options on a 0.25% stake in the sport worth an estimated £15m according to an article in the Daily Telegraph by Christian Sylt.It adds to Ferrari's suite of F1 benefits which, as Pitpass has revealed includes a veto over the regulations and even a veto over the successor to the sport's boss Bernie Ecclestone. Of course it also gets a minimum of £60m in prize money every year too.The share options in F1 were previously held by Ferrari's chairman Luca di...
Full Story »
9y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Wolff sells £3.5m option on Williams

It's no surprise that Toto Wolff has to sell his shares in Williams. At...
9y ago from Pitpass.com

Wolff looking to sell more of Williams stake

Toto Wolff Mercedes motorsport boss Toto Wolff is still working on...
9y ago from GrandPrix247.com

Brawn spoke to Ferrari but not seeking return

Highly rated former team boss Ross Brawn has admitted he held 'what if'...
9y ago from TheF1Times.com

Wolff looking to sell more of Williams stake

Toto Wolff is still working on offloading his stake in the Williams team....
9y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
23h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Neuville pips Tänak in Safari opener

FIA World Rally Championship leader Thierry Neuville took a slender...

Popular On GunnersToday.com

Transfer news: Southgate Man Utd, Liverpool CB...

This article was originally published on Fabrizio Romano’s Daily...
52m ago from CaughtOffside.com

Jamie Carragher claims Newcastle have a player better...

Former Liverpool star and Sky Sports pundit Jamie Carragher has claimed...
1h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.