F1 News, Views and Reviews

Mercedes Take-Over Brawn: Official Statements

Mercedes Benz have taken over ownership of the Brawn GP team re-naming it Mercedes Benz GP.  The announcement came this morning and more information can be found here:

Mercedes Benz and Ross Brawn both released statements this lunchtime detailing the move.

“Mercedes will compete in the F1 world championship next year starting with its own factory team,” said head of Mercedes cars, Dr Dieter Zetsche.

“This is possible by the agreed acquisition of 75.1 per cent of Brawn GP, 45.1 per cent from Daimler and 30 per cent from our partner Aabar Investments. The rest will be with the current share – Ross Brawn, Nick Fry and other members. The interests of Daimler are aligned therefore it will be a true Mercedes-Benz team.

“Ross Brawn will continue to be the team principal and thereby we are maintaining his strength. Just like the engine team at Mercedes Benz High Performance Engines, the new Mercedes Benz grand prix team will be co-ordinated by Mercedes Benz Motorsport which is as everybody knows headed by Norbert Haug.”

Ross Brawn was proud of the team that bore his namesake, and is very happy with the Mercedes deal.

“Both I and my fellow directors at Brawn GP are incredibly proud of our staff, drivers and everyone associated with our team and thank them for their commitment, outstanding teamwork and their focus on achieving results in sometimes difficult circumstances,” he said.

“The senior management group will remain in place to lead our team and on behalf of everyone at Brawn GP, we are honoured to be representing such a prestigious brand as Mercedes-Benz in Formula One next year and will be working together to do our best to reward their faith in our team.”

Haug was quick to celebrate with Brawn in Brazil, fuelling rumours of today's announcement

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