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Mercedes to buy McLaren
Wizzo:
Mercedes-Benz is poised to buy the McLaren team, according to German reports.
It is claimed that the German carmaker is set to up its existing stake in the Woking based squad from forty to up to seventy or eighty per cent, with Mercedes' Norbert Haug to possibly take over from Ron Dennis at the helm.
Mercedes is dissatisfied with the silver collaboration's lack of championship success since 1999, despite consistently delivering perhaps the biggest budget in pit lane.
The report also said that Mercedes, whose rumoured buyout would cost an estimated $380 million, is encouraged by BMW's progress since its rival German carmaker took over Sauber.
Wizzo:
A spokesman for Mercedes-Benz has contradicted rumours that German Norbert Haug could soon succeed Ron Dennis as boss of the McLaren team.
"Ron Dennis is and will remain Team Principal,"
raindancer:
They already own close to 40% and will do the deal in a round about way which allows for Ron to remain the Team Principal. Its just a matter of time. The Car manufacturers are taking over.
rmassart:
--- Quote from: raindancer on June 26, 2007, 12:38:12 PM ---The Car manufacturers are taking over.
--- End quote ---
Sadly.... what will happen when shareholders vote not to spend hundreds of millions on a pursuit with little real benefit to the bottom line?
f1box:
Are we witnessing the deaththrows of F1?
There will be no waiting hoardes of Garagistes, to take up the mantle (as in the 50's), when the manufacturers inevitably pullout. The cost of entry and ongoing technology involved is to high.
David
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