Formula 1 financial world on brink of change, says motorsport boss Sport Business Toto Wolff’s minority stake sale in Mercedes could start a domino effect across Formula 1, according to the chief of motorsport’s global trade association. The Austrian is in talks to offload five per cent of Mercedes – which he co-owns equally with the car manufacturer and Ineos billionaire turned Manchester United investor Sir Jim Ratcliffe [...]
Wolff Mercedes stake sale will have impact on value of Formula 1 Sport Business The valuation placed on Formula 1 team Mercedes after co-owner Toto Wolff’s interest in reducing his stake will have a welcome impact on the overall worth of the sport, experts have suggested. Wolff co-owns the outfit – officially titled Mercedes AMG Petronas F1 Team – equally with the eponymous German car manufacturer and Ineos billionaire [...]
Hamilton rolls back the years on Mercedes farewell in Abu Dhabi Lewis Hamilton was delighted to finish on a high after he defied starting from the back end of the grid to pip teammate George Russell to fourth place in his final race for Mercedes. Lando Norris won the season-ending Abu Dhabi Grand Prix to ensure McLaren held off Ferrari and won their first Formula 1 [...]
FIA under fire amid safety fears over handling of chaotic Qatar Grand Prix December 2, 2024 Formula 1’s embattled governing body the FIA has come in for further criticism for the race stewards’ handling of an incident that led to Lando Norris receiving a 10-second stop-go penalty at the Qatar Grand Prix on Sunday. Norris was sanctioned for ignoring yellow flags after the wing mirror of Williams’ Alex Albon fell off [...]