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Daimler "no intention" of selling Mercedes to Britain's richest man - Wolff
Mercedes motorsport boss Toto Wolff has strongly refuted claims suggesting Daimler is ready to dilute its interest in Formula 1 and give up its majority ownership of the team to Britain's richest man. Former team owner turned pundit Eddie Jordan claimed in a newspaper article that Ineos founder Sir Jim Ratcliffe was set to buy a 70% stake in the team. Mercedes has a 60% share, Wolff 30%, and the estate of the late Niki Lauda the remaining 10%. Article continues under video While Ineos has become one of the Mercedes F1 team's principal partners, with the multi-national chemicals company carrying significant branding on the cars, Wolff has insisted Daimler is in F1 to stay, notably after...
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3y ago from GPFans.com
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