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Mercedes close to quitting F1

  • 07-05-2012 12:03pm
    #1
    Gru
    Registered Users, Registered Users 2 Posts: 1,156 ✭✭✭


    I don't thinks this has been posted here yet, but it would be a big blow to sport in my opinion to lose Mercedes seeing as they're finally getting competitive.
    Just a month after the team's maiden grand prix victory since its return to the sport in 2009 as a fully-fledged competitor, it has been claimed that the Brackley-based operation 'could be forced out' over a dispute about the composition of the sport's ruling body in the wake of Formula 1's proposed Stock Exchange floatation.

    'Mercedes, which is estimated to have spent more than £1 billion on grand-prix racing in the past two decades, is on the verge of quitting Formula One as the company is denied a seat in the new boardroom that will control the sport when a Stock Exchange float is completed,' reported the newspaper on Monday.

    'Red Bull, the relative newcomers to grand-prix racing, and Ferrari have both been promised boardroom places by Bernie Ecclestone, Formula One's chief executive, as he lines up a float that could value Formula One at up to £6 billion.'

    The report continues: 'Mercedes, who registered their first win of the modern era in China only last month, have been isolated with McLaren, their former partners, also being handed a place.'

    The report also asserts that the ruling regime of Bahrain is set to win a place on the board of the new company controlling the sport. The Times was critical of the recent Bahrain GP and urged the grand prix's cancellation.

    The Times goes on to claim the exit of Mercedes from F1 could result in the loss of 1000 jobs and wipe 20 per cent off F1's floatation valuation.

    Mercedes have yet to comment on the report.

    Sky Sports News Article


Comments

  • #2
    rua1972
    Registered Users, Registered Users 2 Posts: 171 ✭✭rua1972


    http://joesaward.wordpress.com/2012/05/07/silly-stories/

    Here is a different view on that story.


  • #3
    joeperry
    Closed Accounts Posts: 527 ✭✭✭joeperry


    Even if they do pull out, somebody will buy the team and rename it similarly with the engines. Are the engines still made in Brixworth or somewhere in England, i forget now. Used to be Ilmor.


  • #4
    Jordan 199
    Registered Users, Registered Users 2 Posts: 12,286 ✭✭✭✭Jordan 199


    joeperry wrote: »
    Are the engines still made in Brixworth or somewhere in England, i forget now. Used to be Ilmor.

    Yup, still based in Brixworth. Now known as Mercedes AMG High Performance Powertrains.


  • #5
    BenMicheal
    Registered Users, Registered Users 2 Posts: 277 ✭✭BenMicheal


    joeperry wrote: »
    Even if they do pull out, somebody will buy the team and rename it similarly with the engines. Are the engines still made in Brixworth or somewhere in England, i forget now. Used to be Ilmor.

    Can still remember when Ilmor were dogs of engines that no one wanted to touch with a barge poll!!


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