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Mercedes Insist Story About £700mn Ineos Takeover & Rebrand Is ‘Made Up’
Mercedes F1 team principal Toto Wolff has dismissed a story broken by the Mail on Sunday which claims petrochemical giant Ineos is close to buying a large stake in the team. Former F1 team owner Eddie Jordan told the British tabloid that the company, which announced a multi-year sponsorship deal with the Mercedes F1 team at the start of 2020, is interested in buying the constructor. READ: Hamilton Wins Action-Packed Tuscan GP, Albon Takes First F1 Podium “The ownership of the team is going to be taken over by Sir Jim Ratcliffe and Ineos,” Jordan said, adding that Mercedes with retain a 30-percent stake and Wolff will depart the Brackley-based team. However, following the inaugural...
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3y ago from Formula1News.co.uk
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