Ineos, who agreed a £100m sponsorship agreement with Mercedes at the start of the season, bought cycling's former Team Sky last year. They still insist the team will continue to be called Mercedes next season and the season afterwards. The team will be called Ineos but it will still be run from the factory in Brackley and Mercedes will retain a 30 per cent share in it. It will not be known as Mercedes any more and Toto Wolff, the team principal, will no longer be in charge. Three months ago, Mercedes responded publicly to speculation that they were to sell a controlling interest in the team.
Source: Daily Mail September 12, 2020 21:32 UTC