Monday, November 16, 2009

Mercedes buying out Brawn GP

This morning Daimler AG announced (finally) what has long been rumoured, that they along with Aabar Investments PJSC have purchased a controlling 75.1% interest in BRAWN GP, while Ross brawn & Co. will continue to hold the remaining 24.9% outstanding shares while Daimler will have 45.1% and Aabar 30% respectively.

The deal is somewhat complicated, as relations have reputedly become strained with current team McLaren, in which Mercedes has a 40% stake of, which will now be sold back to McLaren by 2011, along with the McLaren Car concern being spun off from parent company McLaren Group. Yet McLaren surely must be somewhat relieved to have the vaunted “Star” power “Lumps” available thru 2015 and perhaps beyond?

Thus it’s the perfect end to the fairytale season of BRAWN GP I suppose, having risen from the ashes of Honda F1 to become Driver & Constructor Champions in their very first attempt and then having their future secured by selling out to Daimler… Along with the fact that the current Management will stay at the helm, as all we need now is for the newly renamed Mercedes Grand Prix to unveil its 2010 Silver Arrows with Jenson Button carrying the Number 1 plate with Nico Rosberg deputizing in No. 2…