Buzzin F1 – Formula One Blog

Ross Brawn 2009

Mercedes will now have their own F1 team in 2010 after it was confirmed that the company have purchased a controlling stake of Brawn GP Team

The team will be known as the Mercedes Grand Prix as the Brawn title disappears and the Mercedes-Benz parent company Daimler AG along with Aabar Investments will now gain control with a 75.1% joint stake.

Ross Brawn is said to be continuing his role as Team Principle with the current management remaining as for the 2009 season.  Brawn said;

“Brawn GP has been through an incredible journey over the last 12 months.  From fighting for our survival to forging a strong relationship with Mercedes-Benz High Performance Engines, winning both the constructors’ and drivers’ World Championships, and now accepting Daimler’s and Aabar’s offer to buy our team, which will secure its future.

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.

We are honoured to be representing such a prestigious brand as Mercedes-Benz in Formula One next year and we will be working together to do our best to reward their faith in our team.”

Mercedes will continue to supply their engines to the McLaren team until at least 2015 although the 40% share holding will be reacquired by the McLaren Group by 2012.