Team ownership adventure made Brawn millions

Wed, 15 September 2010, 10:31

Sep.15 (GMM) Ross Brawn and other directors shared an impressive dividend after his Brackley based formula one team won the 2009 titles.

According to financial news service Bloomberg, the team’s 55-year-old British boss shared $31 million with his co-directors before the team was sold to Mercedes for about US $170 million.

The business filing in London’s Companies House also showed a $152 million profit for 2009, the year after Honda pulled out of the sport and sold the team to Brawn and other management for a symbolic pound.

In salaries, Brawn paid himself and his colleagues more than $10m, and they loaned the team $4.5m as it struggled to stay afloat, which was paid back.

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