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Wolff To Leave Mercedes After £700mn Ineos Takeover & Rebrand – Reports
The Mercedes Formula One team is set to be rebranded, with chemicals giant Ineos reportedly agreeing to purchase a majority stake in the Brackley-based constructor for £700 million. Specifically, according to ex-F1 team owner Eddie Jordan, Ineos will purchase a 70-percent stake in the Mercedes F1 team. READ: Sebastian Vettel Says Lewis Hamilton ‘Will Never Be My Hero’ Jordan also claims that team principal Toto Wolff, who has been linked with a move to Aston Martin Racing in 2021, will leave the team following the takeover and rebrand. “The ownership of the team is going to be taken over by Sir Jim Ratcliffe and Ineos,” Jordan told the Daily Mail on Sunday. Ahead of the 2020...
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5d ago from Formula1News.co.uk
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