Penske could buy Mercedes’ F1 team – source

Sat, 16 November 2019, 08:35

Nov.16 (GMM) Mercedes’ Formula 1 team is for sale.

That is the claim of the German publication Auto Bild, citing the information of a ‘reliable source’.

Correspondent Ralf Bach says the buyer could be Dmitry Mazepin, the wealthy Russian father of a Formula 2 driver, as well as American racing legend Roger Penske.

Penske, 82, has just bought the Indycar series and the Indianapolis Motor Speedway. Bach says his estimated fortune is $1.6 billion.

Penske’s son Jay owns the Formula E team Geox Dragon.

After a potential takeover of the Brackley based team, Mercedes could then remain in Formula 1 as an engine supplier.

Auto Bild said Mercedes has told McLaren, Force India, Williams and – interestingly – also Red Bull that it can continue to supply engines beyond 2020.

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