News Details
Ferrari could take $25m stake in F1
Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.
F1 business journalists Christian Sylt and Caroline Reid reveal that, as a non-executive director of the sport's holding company Delta Topco, departing Ferrari president held an option to buy into F1 to the tune of about $25 million.
But a source close the Maranello team explained: "Ferrari, not Mr Montezemolo, is entitled to exercise the rights."
The source added that "these rights are for Ferrari, and once again not ad personam for Mr Montezemolo".
Montezemolo received the option in 2012 as formula one organised itself ahead of a floatation on the Singapore Stock...
Full Story »
Full Story »
10y ago from GrandPrix.com
0
You May Also Be Interested In...
Ferrari gets shares in F1
We all know that Ferrari's influence in Formula One stretches far and...
10y ago from Pitpass.com
Brawn: No discussions with Ferrari but never say never
Ross Brawn in demand
In the aftermath of a major upheaval at Ferrari, Ross...
10y ago from GrandPrix247.com
Billionaire Stroll looking to buy Sauber F1 Team
Sauber is on the brink of being taken over by Canadian billionaire...
10y ago from TheF1Times.com
Wolff looking to sell more of Williams stake
Toto Wolff
Mercedes motorsport boss Toto Wolff is still working on...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pirelli to hold first MotoGP test in Misano with test...
No description available...
36m ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
3h ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
4d ago from Motorsport.com
Takaaki Nakagami fills in for injured Luca Marini at...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Rasmussen passes most cars in Sunday night’s IndyCar...
Christian Rasmussen put on a show for fans Sunday night, passing more...
2h ago from MotorsportWeek.c...
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
13h ago from Motorsport.com
Kyle Kirkwood avoids incidents, wins late duel for...
No description available...
11h ago from Motorsport.com
IndyCar Gateway – Race Results
The NTT IndyCar Series made a trip to the St. Louis area for the first...
12h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
3d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
6d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Viktor Gyokeres player profile: How much would the...
Swedish International striker Viktor Gyokeres is currently one of the...
1h ago from CaughtOffside.com
Arsenal offer 9m in wages to beat competition for...
Arsenal are interested in signing the Athletic Club Bilbao attacker Nico...
3h ago from CaughtOffside.com
‘Top player' believes Mikel Arteta will move for...
Arsenal have been linked with a move for the Sporting CP striker Viktor...
4h ago from CaughtOffside.com
Update: Latest info on 75m striker as more clubs rival...
The Viktor Gyokeres transfer saga continues to prove a complicated one,...
5h ago from CaughtOffside.com
Comments
Hottest News
Christian Horner claims George Russell ‘objective'...
Red Bull boss Christian Horner has said the... Read More »
56m ago from MotorsportWeek.com
Aston Martin’s shock plan: snagging Russell to lead 2026...
Aston Martin has set its sights on a bold move to... Read More »
5h ago from F1i.com
F1 Canadian Grand Prix 2025 results: Final classification...
The FIA have confirmed the final classification... Read More »
9h ago from GPFans.com
