Mercedes' McLaren buyout signed
08-17-2006 | 02:25 PM
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Mercedes' McLaren buyout signed
From F1live.com
Mercedes' McLaren buyout signed
Agreement already in place
17/08/06 09:32
In addition to speculation that Mercedes-Benz is preparing to buy the remaining sixty per cent of McLaren, the German press reported on Wednesday that the deal was signed at a Hockenheim meeting in July.
Auto Motor Und Sport magazine wrote that team principal - and 30 per cent shareholder - Ron Dennis met with Mercedes officials Thomas Weber and Bodo Uebber prior to the German GP.
Syria-born Saudi Arabian entrepreneur Mansour Ojjeh owns the remaining thirty per cent of Dennis' outfit, after the German carmaker bought forty per cent of McLaren in 1999.
Auto Motor Und Sport estimated Mercedes' buyout at (US) $400 million.
Source GMM
CAPSIS International
Mercedes' McLaren buyout signed
Agreement already in place
17/08/06 09:32
In addition to speculation that Mercedes-Benz is preparing to buy the remaining sixty per cent of McLaren, the German press reported on Wednesday that the deal was signed at a Hockenheim meeting in July.
Auto Motor Und Sport magazine wrote that team principal - and 30 per cent shareholder - Ron Dennis met with Mercedes officials Thomas Weber and Bodo Uebber prior to the German GP.
Syria-born Saudi Arabian entrepreneur Mansour Ojjeh owns the remaining thirty per cent of Dennis' outfit, after the German carmaker bought forty per cent of McLaren in 1999.
Auto Motor Und Sport estimated Mercedes' buyout at (US) $400 million.
Source GMM
CAPSIS International
08-20-2006 | 02:34 AM
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Yep. Sold. I was sure wrong about that one(!)....
Interesting (but brief) article from the Independent on F1 racing cutbacks and budget-lowering:
http://news.independent.co.uk/busine...cle1220397.ece
F1 is being changed -- for better or worse....
Interesting (but brief) article from the Independent on F1 racing cutbacks and budget-lowering:
http://news.independent.co.uk/busine...cle1220397.ece
F1 is being changed -- for better or worse....
