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Family to return Lauda's team stake to Mercedes

:Headline: Family to return Lauda's team stake to Mercedes: ID:387765: from db_amp
Niki Lauda's stake in the works Mercedes team will be returned to the German carmaker.
By | 29d

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.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool27261064174779
2Manchester CityMan City27183668293957
3Leicester CityLeicester27155754272750
4Chelsea2713594537844
5Manchester UnitedMan Utd27118841291241
6Tottenham HotspurSpurs2711794436840
7Sheffield UnitedSheff Utd27101072925440
8Wolverhampton WanderersWolves2791263832639
9Arsenal2781363936337
10Burnley27114123339-637
11Everton27106113641-536
12Southampton27104133448-1434
13Crystal Palace2789102432-833
14Newcastle UnitedNewcastle2787122441-1731
15Brighton & Hove AlbionBrighton27610113239-728
16Bournemouth2775152643-1726
17Aston Villa2774163452-1825
18West Ham UnitedWest Ham2766153248-1624
19Watford2759132443-1924
20Norwich CityNorwich2746172451-2718
Scroll for more - Tap for full version
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