Mercedes to buy Ross Brawn’s F1 shares
2 February, 2011
Feb.2 (GMM) Mercedes is set to take complete control of the Brackley based F1 team that bears its name.
The German carmaker took over the team last year but Ross Brawn and his partners retained 24.9 per cent of the shares, the German magazine Auto Motor und Sport said.
The report said a deal to make Mercedes and Daimler shareholder AABAR the 100 per cent owner will be in place by March’s Bahrain season opener.
The Brackley based team began life in the late 90s as British American Racing (BAR), later becoming Honda who pulled out of F1 at the end of the 2008 season.
Auto Motor und Sport said Mercedes intends to keep team boss Brawn on board as an employee.