From GMM
German car manufacturer Mercedes is set to take complete control of the Brackley-based Formula 1 team that bears its name.
Mercedes took over the team last year but German magazine Auto Motor und Sport says Ross Brawn and his partners retained 24.9 per cent of the shares.
The report said a deal to make Mercedes and Daimler shareholder AABAR the 100 per cent owner will be in place by March's Bahrain season opener.
The team, based in Brackley, UK began life in the late 90s as British American Racing (BAR), later becoming Honda who pulled out of F1 at the end of the 2008 season.
Auto Motor und Sport said Mercedes intends to keep team boss Brawn on board as an employee.
Meanwhile, Brawn has admitted he would like Nico Rosberg to play a long-term role at Mercedes GP.
The 25-year-old son of 1982 world champion Keke Rosberg joined the team last year and scored 70 more points than Michael Schumacher as the sport's most successful driver made his return to F1.
It is believed Rosberg signed a three-year contract, meaning he is set to stay at least until the end of next season.
But Brawn told Sport Bild that Rosberg is "extremely talented" and would be welcome at Mercedes for much longer.
"It is very important that we have drivers like Nico Rosberg with us in the long term," said the Briton. "I would be very happy if our relationship with Nico continues for a long time.
"He has all the qualities needed by a world champion," added Brawn.
German car manufacturer Mercedes is set to take complete control of the Brackley-based Formula 1 team that bears its name.
Mercedes took over the team last year but German magazine Auto Motor und Sport says Ross Brawn and his partners retained 24.9 per cent of the shares.
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| Ross Brawn (Photo: Mercedes GP) |
The report said a deal to make Mercedes and Daimler shareholder AABAR the 100 per cent owner will be in place by March's Bahrain season opener.
The team, based in Brackley, UK began life in the late 90s as British American Racing (BAR), later becoming Honda who pulled out of F1 at the end of the 2008 season.
Auto Motor und Sport said Mercedes intends to keep team boss Brawn on board as an employee.
Meanwhile, Brawn has admitted he would like Nico Rosberg to play a long-term role at Mercedes GP.
The 25-year-old son of 1982 world champion Keke Rosberg joined the team last year and scored 70 more points than Michael Schumacher as the sport's most successful driver made his return to F1.
It is believed Rosberg signed a three-year contract, meaning he is set to stay at least until the end of next season.
But Brawn told Sport Bild that Rosberg is "extremely talented" and would be welcome at Mercedes for much longer.
"It is very important that we have drivers like Nico Rosberg with us in the long term," said the Briton. "I would be very happy if our relationship with Nico continues for a long time.
"He has all the qualities needed by a world champion," added Brawn.