F1, Stroll and Wolff allies to buy Mercedes – La Stampa

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Formula 1 moves quickly by definition. And not just on the track. The newly approved budget cap ($ 145 million maximum spending per season, which will drop to 140 and then to 135 in two years) makes managing a top team suddenly accessible and allows financial operations that were previously unthinkable.

While Williams is on sale after closing 2019 with 14.5 million euros in losses, an indiscretion regarding Mercedes arrives from Germany. The German manufacturer has contracts expiring not only for drivers Valtteri Bottas and Lewis Hamilton, but also for team principal Toto Wolff. According to Auto Bild Motorsport magazine, a revolution is in sight. Wolff, who owns 30 percent of the Mercedes team (the rest is from the Daimler group), has teamed up with Lawrence Stroll, father of Lance driver and number one at Racing Point. Stroll is among the main shareholders of Aston Martin (which will take over the Racing Point brand next year). Wolff also has a share of the historic English house.

The goal of the two is to exchange Aston Martin shares with Daimler for Mercedes Formula 1 and thus become the owner of the team that has won the last six world titles next year. For Daimler, the advantage would be two-fold: staying in Formula 1 with a minority share of the Mercedes brand, strengthening its presence in Aston Martin and facing the financial challenges related to the automotive industry without having to lay off employees of the Formula 1 factory in Brackley.

An indication confirms the reconstruction made by Auto Bild: ¬ęTobias Moers, former number 1 of Amg (the sports brand of Daimler, ed), has been officially announced as the new head of Aston Martin. Moers is one of the closest collaborators of Daimler’s chief executive officer, Ola K√§llenius, “writes the German magazine.

One thing is certain: teams must refinance themselves. Mercedes, Stroll, Wolff and Aston Martin have taken into account the new spending limit of $ 145 million since 2021 and the trend towards greater financial sustainability of Formula 1. After the pandemic, the Circus can return profitable.

The first shots of the two new bosses could be Hamilton’s confirmation and Vettel’s engagement to put together a dream team with ten world titles. But this will be the next chapter in the story.



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https://www.lastampa.it/sport/2020/05/29/news/f1-stroll-e-wolff-alleati-per-comprarsi-la-mercedes-1.38903854

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