Haug addresses Merc buyout rumours

Sun, 6 January 2008, 03:31

Norbert Haug has declined to totally rule out Mercedes-Benz taking over the McLaren team.

The 55-year-old German, who is the German manufacturer’s competition boss, answered in the newspaper Bild speculation that Mercedes is preparing to buy the 30 per cent of the Woking based team that is still held by Ron Dennis and his long time equity partner Mansour Ojjeh.

Mercedes-Benz is currently McLaren’s largest shareholder with 40 per cent, with Bahraini investors owning the other 30 per cent.

Asked about the rumours, Haug said: “At the moment there is nothing to it. It is the same situation as before.

“But we do have opportunities,” he added.

You may also like