MX23RW : Wednesday, February 26 01:22:24| >> :600:2478180:2478180:

Family to return Lauda's team stake to Mercedes

Family to return Lauda's team stake to Mercedes
© Reuters
Niki Lauda's stake in the works Mercedes team will be returned to the German carmaker.

Niki Lauda's stake in the works Mercedes team will be returned to the German carmaker.

Last August, a few months after the F1 legend and team chairman's death, we reported that the Lauda family was likely to sell the stake, believed to be 10 percent.

When asked if the family would keep it, fellow shareholder and team boss Wolff said at the time: "No. We will make a decision about that after the summer break."

No news was immediately forthcoming, but Lauda's son Mathias has now told La Gazzetta dello Sport that the shares will be returned to Mercedes.

"This was already foreseen in a contract that was made a few years ago," he said.

"It was decided that the shares would return to Mercedes within 2020. They don't pass on to families, they simply return to Stuttgart," Lauda explained.

Mathias Lauda, who is 38, also told the Italian sports newspaper that he misses his father.

"Motorsport and Formula 1 were really everything to him," he said.

body check tags ::

Click here for more stories about Niki Lauda

Click here for more stories about Mercedes

Share this article now:
New Instagram promo
Lewis Hamilton (44) of Great Britain celebrates winning his sixth world championship after the United States Grand Prix at Circuit of the Americas on November 3, 2019
Read Next:
Ten things we learned from the 2019 Formula 1 World Championship
>
Read more about Niki Lauda Formula 1

rhs 2.0
Champions League
Championship
League One
League Two
National League
Scottish Premiership
Scottish Championship
Scottish League One
Scottish League Two
Copa Sudamericana
Qatar Open Second Round

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!