Although that is technically correct another 30% of MercGP are owned by Aabar which in turn is the biggest Daimler share holder. So in effect Merc hold just under 50% if you consolidate the deal. It is thought that this construct was selected to satisfy a clause in the McLaren partnership agreement. One can take it to the bank that Aabar and Daimler will form a voting block of 75.1% regarding the control of MercGP.Pup wrote: Mercedes never owned more than a 40% share of McLaren, and they only own 45% of Brawn. Ron Dennis only owns 15% of his own team, but has it ever been anything but his?
Spot on. Renault's handling of this sale has been far more impressive & superior to the doubts and fears surrounding the other 3 manufacturers that left.Pup wrote:The only thing this does is make it easier for Renault to move to another team or leave F1 in the future should they want to. Which, of course, is the way the manufacturers should operate in F1.
The Honda that were openly discussing closure of the factory? As opposed to the Renault who only spoke of on-selling?Pandamasque wrote:Renault board have once again officially confirmed their absolute lack of interest to racing having sold their business to businessmen, not racing specialists. It would be a shame to see the Enstone team decay.
Renault, Toyota and BMW really made some good publicity, for Honda that is.
Is that your fantasy or do you have a source?ESPImperium wrote:As of Singapore:
GenII = 100%
Renault = 0%
Renault sold the last retainer as this way i feel that come 2013 when the new engine formula comes arround, they can supply more than 2 teams. However, if Renault wishes to buy back the team, they can do for a small mark up on the shares seemingly, 7% this year, increasing by 1.25% for every season untill the end of 2013. But that part isnt confirmed as this part is more comercially sensitive than anything else.
interesting that you called this 10 months earlier.Fil wrote:Hmm, well i'm still positive on the whole deal. success on the track is inherently linked with more income generation due to FOM contracts, as well as the effect of resource restrictions tightening the amount able to be spent.
One other bit of news i just read, Bob Bell is being replaced.. initially i thought this to be bad news but rumoured front-runners to replace Bell are Alain Prost or Eric Boullier:
-Gravity Sport Management President,
previously
-DAMS GP2 Managing & Technical Director,
-A1GP Team France Team Principal,
-Chief Race Engineer to Franck Montagny in World Series by Nissan.
Boullier seems well qualified i think.