Home Car News Is The Mercedes-BENZ AMG F1 Team Looking For A New Owner?

Is The Mercedes-BENZ AMG F1 Team Looking For A New Owner?

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F1 Petronas

Mercedes-Benz Grand Prix Limited is one of the subsidiaries of the Mercedes-Benz. 

This company, under the name of Mercedes-Benz Petronas Motorsport, is acting as the constructor in the Formula One. 

The team has a German license and is based in the United Kingdom.

AMG Petronas debuted in Formula One in 1954 after winning three titles in pre-war European Championship. At 1954 French Grand Prix, Silver Arrow won their first race.

In 1955, the team withdrew from Formula One due to the Le Mans disaster. 

Mercedes returned as an engine supplier in collaboration with Ilmor. Currently, Mercedes is supplying engine to Racing Point and William.

Mercedes has 18 wins registered to its name as an engine supplier and ranks second in Formula One. 

Mercedes engines have won seven Constructors’ championships and eleven Drivers’ championships.

At the expiry of the sport’s current ‘Concorde Agreement’, the F1 Petronas is looking for a new owner. 

The team, also known as Silver Arrow, is looking for the owner who would not be involved in the daily operations and remains conductor and engine supplier. It is a piece of information from a reliable source.

There are prospective buyers for the Silver Arrow. Nikita Mezepin from the Mazepin family of Russia is currently competing in Formula 2.

Another one in the line is Roger Penske. He is a billionaire and owns Indy Car series and the Indianapolis circuit. He also sponsors various teams in championships across the globe.

The news for the lookout of a new owner for F1 Petronas is still a rumour and not yet confirmed by Mercedes-Benz.

The sale of Mercedes-AMG F1 Petronas team might come at an exciting time when many changes are going on in the 2021 season to improve the on-track racing. This potential will upset the supremacy of the sport.

Recently, it is being revealed that there would be a ceiling on the amount spent on the teams — the amount specified in $175 million.

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Anoj Kumar
Anoj Kumar is the Editorial Director for the AutoFreak. Anoj has been consistently named one of the top Influencers and Author by independent organizations. He is a frequently quoted source in Auto-Mobile.
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