INEOS F1

Chemicals company INEOS has become a one-third shareholder in the Mercedes Formula 1 squad as part of a new deal that commits Toto Wolff to remaining as team principal.

On Friday it was confirmed that ownership of the team would now be split three ways, with equal parts taken by Mercedes, INEOS and Wolff.

The deal means that Mercedes has diluted its previous 60% ownership of the team, while Wolff has increased his share up from 30% - Link