Headline....Penske buys F1...jobs restored.... grid girls are back!
Mercedes will probably finance it. This is not the end of their financial involvement, in a way they are just outsourcing the management. Building the Indy pushrod motor for Mercedes and winning Indy all at no cost to Mercedes back in the 90's sure had a good, long term payoff for Roger. One smart business man.
Mark Donohue's death after a crash during practice affected Roger Penske. He carried on until the team won a GP with John Watson, but his heart wasn't in it anymore, I think.
I think you are right. Roger and Mark were close. Mark only came out of retirement to make a run at F1 for Roger.
They had a well defined division of labor. Roger was the business man and salesman. Mark handled engineering and racing, but is was Rogers organizational skills that made it operate in a very orderly machine like fashion.
Penske dismisses Mercedes F1 buyout speculation https://racer.com/2019/11/16/penske-dismisses-mercedes-f1-buyout-speculation/
Well, when you have to go out and deny things, it is because there is something behind, it does not mean that this things are going to succeed but surely there are negotiations. The note also says that another of the buyers may be the Russian Dmitry Mazepin, so we have to think that Mercedes is really thinking about the recall. Which sounds totally logical, they already won everything, their future is electric and they debut in Formula E next weekend.
This may mean an end to crapwagons. F1 gets to becomes part of the Indy 500. First class hardware and a true international racing series of world class caliper.
No smoke without a fire, they say ... Call me bias for all you want, but I would prefer the Mercedes-AMG team to be in the hands of Roger Penske, rather than a Russian. Penske has huge credentials in motor racing.
Not always. Penske just bought INDY / IMS. It seems logical that Penske is in negotiations with mfg's to get more involved with INDY. I doubt he wants any speculation out there that INDY isn't his #1 priority (in racing). I think the MercedesF1 speculation was F1 journalists making their own smoke...
I don't think that's correct. So long as you are not trading insolvently, you can continue not making profits for as long as you like.