Mercedes F1 boss Wolff takes a stake in Aston Martin

LONDON - Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. A Mercedes F1 spokesman said Wolff’s move was purely an investment on the Austrian’s part and would be diluted by a rights issue on Monday from 4.77% to less than 1%. “Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company,” he added. “It is a financial investment and Toto’s partnership and executive role with Mercedes are unaffected by the transaction.” Swiss billionaire Ernesto Bertarelli has also bought a 3.38% stake which will be similarly diluted. Wolff previously had a 16% shareholding in former champions Williams but sold that after he joined the Mercedes team, where he serves as principal and owns 30%. Canadian billionaire Stroll, whose son Lance drives for Racing Point alongside Mexican Sergio Perez, is close to Wolff. The Silverstone-based team — to be renamed Aston Martin next year — use Mercedes engines and gearboxes. Mercedes-Benz’s parent Daimler also has a small stake in Aston Martin. “It’s clear that Aston are now Mercedes’ B team,” the Daily Mail quoted one Formula One insider as saying. Wolff’s future at Mercedes has been the subject of some media speculation, with the 48-year-old linked variously to senior management roles with Liberty Media-owned Formula One and at Aston Martin.

His Aston Martin shares were bought from Yew Tree Overseas Limited, a vehicle controlled by Stroll who acquired a roughly 25% percent holding in Aston Martin with a consortium of investors. Mercedes have won the past six Formula One drivers’ and constructors’ titles but have six times world champion Lewis Hamilton out of contract at the end of the 2020 season, which has yet to start due to the COVID-19 pandemic. Hamilton, who has also been linked to Ferrari, had told reporters before the global crisis changed the sporting and financial landscape that his decision would depend on Wolff’s plans. The Briton is now expected to stay at Mercedes, with a radical overhaul of Formula One’s sporting and technical regulations postponed to 2022.

Ex-Italians join Brazilians rivals to combat coronavirus

ROME - They were rivals on the field in one of the greatest World Cup matches of all time but the former stars of Brazil and Italy have come together off it to help the South American nation fight the new coronavirus. Italy beat Brazil 3-2 in the 1982 World Cup with three goals from Paolo Rossi helping the Azzuri knock out a Brazil team that featured Zico, Socrates, Junior and Leandro. Brazilian midfielder Paulo Roberto Falcao has raised more than 4.5 million reais ($859,270) with the help of his former team mates who recorded a video asking people to donate to help fight the spread of the coronavirus in Brazil’s densely populated favelas. Now, players on the Italy team that beat them have recorded their own video. Falcao, who played with AS Roma, asked his close friend and former team mate Bruno Conti to get the Italian players to each record a message. Paulo Rossi, Giuseppe Bergomi and Claudio Gentile were among those who agreed to help. “Italy and Brazil: rivals on the field but united against the coronavirus,” said defender Franco Causio.

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