Mercedes-Benz has confirmed its buyout of the Champion Brawn GP team on Monday. Following an announcement from the German manufacturer, Nico Rosberg is likely to be the lead driver with Champion Jenson Button now strongly tipped for a move to McLaren alongside compatriot Lewis Hamilton.
With a Mercedes press conference having been staged in German capital Berlin early on Monday afternoon, the manufacturer explained its takeover of the ex-Honda outfit, with Ross Brawn remaining as Team Principal. He and Chief Executive Nick Fry will hold a 24.9% stake in the Brackley outfit with Mercedes and Abu Dhabi company Aabar Investments, a shareholder of the manufacturer, taking the remaining 75.1%.
"Brawn GP has been through an incredible journey over the last 12 months," Ross Brawn commented. "From fighting for our survival to forging a strong relationship with Mercedes-Benz High Performance Engines, winning both the Constructors' and Drivers' World Championships, and now accepting Daimler (Mercedes owner) and Aabar's offer to buy our team, which will secure its future."
As Mercedes returns as a team in its own right for the first time since 1955, it has also been confirmed that its long-standing engine partnership with McLaren will continue until at least the end of 2015, although the Woking squad is no longer the Mercedes works outfit.
"This is a win-win situation, for both McLaren and Daimler (owner of Mercedes)," commented Ron Dennis, the Executive Chairman of McLaren Automotive. "I've often stated that it's my belief that, in order to survive and thrive in 21st-century Formula One, a team must become much more than merely a team. That being the case, in order to develop and sustain the revenue streams required to compete and win Grands Prix and World Championships, companies that run Formula One teams must broaden the scope of their commercial activities."
"Nonetheless, all of our partners will of course continue to play a crucial role in our Formula One programme. For that reason, and because the engines they produce are very competitive, we're delighted that Mercedes-Benz has committed to continue not only as an engine supplier but also as a partner of ours until 2015 - and perhaps thereafter."
As a result, Nico Rosberg and Nick Heidfeld are now expected to make an all-German line-up at the newly-named Mercedes-Benz GP, with Jenson Button joining Hamilton in what would be an all-British Champion affair at McLaren.