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Wolff tied in to Mercedes for another three years ?

Posted: Fri Dec 18, 2020 3:31 pm
by Greenman

Sorry if this is being discussed elsewhere, but ;

When originally posted the main thrust of the article was that Toto Wolff was committing to three more years with Mercedes F1 - it has been slightly re-written since.

"Chemical giant Ineos is to become a one-third shareholder in the Mercedes Formula 1 team.

It will have an equal shareholding with Mercedes parent company Daimler and Toto Wolff, Mercedes motorsport boss and F1 team principal.

The move reduces Daimler's shareholding from 60% and ups Wolff's from 30%.

Wolff, in charge of Mercedes F1 operations since 2013, has signed a new contract and will remain team boss and chief executive for three more years.

The 48-year-old "will have the subsequent opportunity to transition to a new executive function within the organisation when he decides it is the right time to do so," a statement said. ......"