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Penske buys Formula 1, Stroll and Wolff buy Ferrari

In news that is set to shake the motorsport world, we have learned that Mercedes motorsport chief Toto Wolff and Canadian billionaire Lawrence Stroll have struck a deal to purchase 51% of Ferrari and at the same time tapped up their friend Roger Penske to buy Formula 1. An announcement confirming this latest development expected within hours. While the world went into lockdown, Stroll, Wolff and Penske have been very busy behind-the-scenes to concoct an audacious takeover of the legendary Italian automaker and the sport of F1 in one swoop. Coupled to Stroll's recent purchase of a substantial chunk of Aston Martin and earlier Racing Point, his automotive portfolio has mushroomed...
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1mo ago from GrandPrix247.com 0
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