Shareholders Tag

By Luis Torres, Staff Writer At long last, seven-time Formula One World Champion Lewis Hamilton was finally confirmed Monday that he’ll stay with Mercedes-AMG Petronas for this upcoming season. Monday’s announcement meant the 2021 F1 grid was completed after months of not knowing if Hamilton will stay in the sport. However, all of that chatter were finally settled as the seven-time champion hopes to make more history. “I am excited to be heading into my ninth season with my Mercedes teammates. Our team has achieved incredible things together and weRead More

By Adam Tate, Associate Editor A day after Liberty Media’s shareholders approved the plan to purchase the remaining shares of Formula One from CVC Capital Partners, the World Motor Sport Council and the FIA have approved the sale in full during their meeting today in Geneva. Liberty Media representatives held a special presentation on their plans for F1 with the WMSC representatives and participated in a Q&A session before the deal was unanimously approved. The FIA released the following statement on the historic deal. “The World Motor Sport Council has unanimouslyRead More

By Adam Tate, Associate Editor The previously unthinkable has come to pass, Ron Dennis has stepped down from his role as Chairman and Chief Executive at McLaren. The news comes after much speculation since the team’s troubled performance and lack of results in Formula One. Dennis had planned to buyout fellow shareholders Mansour Ojjeh, and the Bahraini Sovereign Wealth Fund in order to take full control over the company. In his attempts to do so he tried and failed at luring tech giant Apple into a potential buyout or investment dealRead More