F1: Liberty Media Corporation acquires Formula One: Carey appointed Chairman, Ecclestone remains CEO

F1: Liberty Media Corporation acquires Formula One: Carey appointed Chairman, Ecclestone remains CEO
bernie-ecclestone

Bernie Ecclestone will remain Formula One’s CEO.

Sep 9th 2016, Englewood, Colorado –  Liberty Media Corporation (“Liberty Media”) and CVC Capital Partners (“CVC”) announced today that Liberty Media has agreed to acquire Formula One, the iconic global motorsports business, from a consortium of sellers led by CVC.

Liberty Media owns interests in a broad range of media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Liberty Braves Group, and the Liberty Media Group.

The consideration comprises cash and newly issued shares in the Liberty Media Group tracking stock (LMCK) and a debt instrument exchangeable into shares of LMCK. The transaction price represents an enterprise value for Formula One of $8.0 billion and an equity value of $4.4 billion(1).

The acquisition will be effected by Liberty Media acquiring 100% of the shares of Delta Topco, the parent company of Formula One (Delta Topco herein referred to as “Formula One”)(2). The acquisition is subject to the satisfaction of certain conditions and is described in more detail below.

Concurrent with the execution of the agreement to effect the acquisition, Liberty Media has completed the acquisition of an 18.7% minority stake in Formula One for $746 million, funded entirely in cash (which is equal to $821 million in consideration less a $75 million discount to be repaid by Liberty Media to selling stockholders upon completion of the acquisition). Prior to completion, CVC Funds will continue to be the controlling shareholder of Formula One.

After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed theFormula One Group. The consortium of sellers led by CVC will own approximately 65%(1)(3) of the Formula One Group’s equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC representative will be joining the Liberty Media Board of Directors.

Chase Carey has been appointed by Delta Topco and will serve as the new Chairman of Formula One, succeeding Peter Brabeck-Letmathe, who will remain on Formula One’s board as a non-executive director. Bernie Ecclestone will remain Formula One’s CEO.

Greg Maffei, President and Chief Executive Officer of Liberty Media, said: “We are excited to become part of Formula One. We think our long-term perspective and expertise with media and sports assets will allow us to be good stewards of Formula One and benefit fans, teams and our shareholders. We look forward to working closely with Chase Carey and Bernie Ecclestone to support the next phase of growth for this hugely popular global sport.”

Chase Carey, Chairman of Formula One, said: “I am thrilled to take up the role of Chairman of Formula One and have the opportunity to work alongside Bernie Ecclestone, CVC, and the Liberty Media team. I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world. I see great opportunity to help Formula One continue to develop and prosper for the benefit of the sport, fans, teams and investors alike.”

Bernie Ecclestone, Chief Executive Officer of Formula One, said: “I would like to welcome Liberty Media and Chase Carey to Formula One and I look forward to working with them.”

Donald Mackenzie, Co-Chairman of CVC, commented: “We are delighted Chase Carey is joining Formula One as its new Chairman and that he will be working alongside Bernie Ecclestone. Chase’s experience and knowledge of sport, media and entertainment is as good as it gets and we are very pleased to secure his services. Bernie has been a wonderful CEO for us over the last 10 years. There have been many successes and the occasional challenge but there has never been a dull moment and we have had a lot of fun. The combined skills of Chase and Bernie mean that the successes should continue and we wish them well. We would like to thank Peter Brabeck-Letmathe for his outstanding contribution during his tenure as Chairman. His leadership has served the company well, and we are pleased that he will remain on the board as a non-executive director.”

In the acquisition the selling stockholders will receive a mix of consideration comprising: $1.1 billion in cash, 138 million newly issued shares of LMCK and a $351 million exchangeable debt instrument to be issued by Formula One and exchangeable into shares of LMCK. Funding for the cash component of the acquisition is expected to come from cash on hand at the Liberty Media Group. The newly issued LMCK shares will be subject to market co-ordination and lock-up agreements.

The Teams will be given the opportunity to participate in the investment in Formula One, and the detailed terms of that investment will be agreed in due course. Certain teams have already expressed an interest in investing after completion of the acquisition.

The interest in Formula One already acquired by Liberty Media, and the remaining interest to be acquired upon the closing of the acquisition, along with$4.1 billion of existing Formula One debt (which will be non-recourse to Liberty Media) and $0.7 billion in Formula One cash, is being attributed to theLiberty Media Group tracking stock.

Upon completion of the acquisition, the Liberty Media Group will be renamed the Formula One Group and the ticker symbols for the Series A, Series B and Series C Liberty Media Group tracking stocks will be changed from LMC (A/B/K), respectively, to FWON (A/B/K), respectively. Formula One will remain based in London.

The completion of the acquisition is subject to certain conditions, including the receipt of: (i) certain clearances and approvals by antitrust and competition law authorities in various countries, (ii) certain third-party consents and approvals, including that of the Fédération Internationale de l’Automobile, the governing body of Formula One, and (iii) the approval of Liberty Media’s stockholders of the issuance of LMCK shares in connection with the acquisition and the name change of the Liberty Media Group to the Formula One Group, and is expected to close by the first quarter of 2017. Additional information regarding the acquisition and Formula One will be included in a proxy statement to be filed by Liberty Media with the Securities and Exchange Commission relating to the matters to be voted upon by Liberty Media’s stockholders described above.

Liberty Media’s President and CEO, Greg Maffei and Formula One’s Chairman, Chase Carey will host an investor conference call at 6:00pm ET /4:00pm MT on Wednesday, September 7, 2016 to discuss the acquisition in more detail. The call can be accessed by dialing: (i) (844) 838-8043 (U.S. / Canada), (ii) (678) 509-7480 (International) or (iii) 0800-028-8438 (U.K.) at least 10 minutes prior to the start time. The call will also be broadcast live across the internet and archived on Liberty Media’s website. Presentation materials to be used during the investor call have been posted to the Liberty Media website. To access the webcast and the accompanying presentation materials go tohttp://www.libertymedia.com/events. An archive of the webcast will also be available on Liberty Media’s website for one year after appropriate filings have been made with the SEC. Relevant images for media use will be posted to Liberty Media’s website under the “What’s New” section of theLiberty Media homepage.

Morgan Stanley is serving as exclusive financial advisor and Baker Botts LLP is serving as legal advisor to Liberty Media. Goldman Sachs International is serving as exclusive financial advisor and Freshfields Bruckhaus Deringer and Weil, Gotshal & Manges are serving as legal advisers to Delta Topco.

 

About Liberty Media Corporation

Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Liberty Braves Group and the Liberty Media Group. The businesses and assets attributed to the Liberty SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include our interest in SiriusXM. The businesses and assets attributed to theLiberty Braves Group (Nasdaq: BATRA, BATRK) include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Liberty Media Group (Nasdaq: LMCA, LMCK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Liberty Braves Group, including its interests in Live Nation Entertainment and Formula One, and minority equity investments in Time Warner Inc. and Viacom.

About CVC Capital Partners

CVC Capital Partners is one of the world’s leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 24 offices and over 400 employees throughout Europe, Asia and the US. To date, CVC has secured commitments of over US$85 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate enterprise purchase value of over US$250 billion.

For further information about CVC, please visit: www.cvc.com.

Press release HERE by Liberty Media.com

1)Calculated at time of transaction announcement.

2)Other than a nominal number of shares held by certain Formula One teams.

3)65% based on the undiluted share count as of 7/31/2016 and is inclusive of the dilutive impact of the $351 million exchangeable debt instrument.

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11 hrs ago

CircuitProDigital

Mercedes-AMG Petronas Motorsport win fifth consecutive FIA Formula One Constructors' World Championship!

Lewis Hamilton took his 72nd career victory today, his tenth of the 2018 season and second in Interlagos
Valtteri set the fastest lap of the race - his tenth fastest lap in Formula One - and finished the race in P5
Today's result marks the 50th win of the hybrid era for Lewis, which means that he won more than 50 percent of the 99 races since 2014

The result also marks the tenth win for the Mercedes-AMG F1 W09 EQ Power+, a championship-winning car that has now earned its designation as a true Silver Arrow
Lewis (383 points) leads the Drivers' Championship by 81 points from Sebastian Vettel (302 points), with Valtteri (237 points) in P4

Mercedes-AMG Petronas Motorsport (620 points) lead Ferrari (553 points) by 67 points in the Constructors' Championship - an unassailable lead with 43 points still to be scored in the 2018 season

Andrew Shovlin, Trackside Engineering Director, accepted the Constructors' trophy on behalf of the team

Lewis Hamilton
That's real history in the making for the team. If I were to stop today with Mercedes, I would always remember this day and that I was a part of it and that's so cool. This has been a seriously tough year and everyone on this team has fought so hard, harder than we've ever fought and we're the most united that we've ever been - which is not expected when you've had success in previous years and could easily drop the ball. The guys have been continuing to raise the bar. Today was such a tough race for me, but I really wanted to deliver and win this for the team. It has such a big knock-on effect; everyone on the team can now go into the last race and into the winter, knowing that they won the world title and that they're legends. I am so grateful for all the hard work - here at the track, back home at the factories, at PETRONAS and all of our partners - I'm so proud to be part of this team. I'm actually kind of nervous to go back to the factories and hear the roar - I think the atmosphere is going to be incredible. I didn't expect the Red Bulls to be in the race like that today, I thought they'd be in a similar pace to us, but they were quite a bit quicker. We struggled with the tyres in the first stint and they were able to manage the tyres better than us. In the second stint, I was on the Medium tyre and had an issue with the engine, so I was really just trying to bring the car across the line. Max passed me which was painful, but then they had an issue and all of a sudden I was back in the lead. I was on the radio, telling my engineers "I don't want to give it up, tell me what I need to do" - I was pushing so hard at the end, taking every risk to bring it home with a win. This is a high, but I want to stay on that wave and win the next race as well.

Valtteri Bottas
I'm really happy and proud to be part of this team. This is down to hard work by every single team member, both back at the factories in Brackley and Brixworth as well as here at the race track - they really deserve this title! It's usually only a few people who are in the spotlight all the time, but there are many, many hidden heroes in our team - thank you all! We kept everything together even under immense pressure, minimised our mistakes and did a great job developing the car - huge congratulations to everyone. The race today was a bit tricky; everything went as planned at the start and we could gain the lead at the beginning, but after that it got more difficult. In the first stint, I was struggling with overheating the tyres, in the second stint, I was struggling with blistering on the Mediums, so we had to stop a second time. I think we didn't quite have the pace today. It was a slightly tougher race than I expected, I was a bit more optimistic before the race, but overall it is a great day for Mercedes.

Toto Wolff
We just wrote Championship history - but winning the fifth double World Championship feels so surreal. Who would have thought this would be possible when we embarked on this mission eight years ago? If anyone had mentioned this record back then, we would have told them they are crazy. And yet, here we are today, having just equalled the Ferrari record from the Schumacher years. It's a great honour to represent Mercedes on the track and I can't thank everyone enough for their great work, both here at the track and in Brackley and Brixworth, and also for the continued support from Daimler in Stuttgart and PETRONAS in Kuala Lumpur and Turin. None of this would have been possible without their contributions and without the hard work and the passion of everyone on the team. I had a conversation with Lewis on Sunday night in Mexico; he had just won his fifth world championship, but both of us were not fully satisfied - because our objective was to win both titles. That's why he was fighting so hard today because he wanted to finish this on a high, win the race and win the constructors' championship for the team. Valtteri had a trickier season than Lewis, but he has improved his performance this year and played a vital role for this championship success. Five consecutive titles - I'm immensely proud of this amazing achievement.
... See Less

Mercedes-AMG Petronas Motorsport win fifth consecutive FIA Formula One Constructors World Championship!

Lewis Hamilton took his 72nd career victory today, his tenth of the 2018 season and second in Interlagos
Valtteri set the fastest lap of the race - his tenth fastest lap in Formula One - and finished the race in P5
Todays result marks the 50th win of the hybrid era for Lewis, which means that he won more than 50 percent of the 99 races since 2014

The result also marks the tenth win for the Mercedes-AMG F1 W09 EQ Power+, a championship-winning car that has now earned its designation as a true Silver Arrow
Lewis (383 points) leads the Drivers Championship by 81 points from Sebastian Vettel (302 points), with Valtteri (237 points) in P4

Mercedes-AMG Petronas Motorsport (620 points) lead Ferrari (553 points) by 67 points in the Constructors Championship - an unassailable lead with 43 points still to be scored in the 2018 season

Andrew Shovlin, Trackside Engineering Director, accepted the Constructors trophy on behalf of the team

Lewis Hamilton 
Thats real history in the making for the team. If I were to stop today with Mercedes, I would always remember this day and that I was a part of it and thats so cool. This has been a seriously tough year and everyone on this team has fought so hard, harder than weve ever fought and were the most united that weve ever been - which is not expected when youve had success in previous years and could easily drop the ball. The guys have been continuing to raise the bar. Today was such a tough race for me, but I really wanted to deliver and win this for the team. It has such a big knock-on effect; everyone on the team can now go into the last race and into the winter, knowing that they won the world title and that theyre legends. I am so grateful for all the hard work - here at the track, back home at the factories, at PETRONAS and all of our partners - Im so proud to be part of this team. Im actually kind of nervous to go back to the factories and hear the roar - I think the atmosphere is going to be incredible. I didnt expect the Red Bulls to be in the race like that today, I thought theyd be in a similar pace to us, but they were quite a bit quicker. We struggled with the tyres in the first stint and they were able to manage the tyres better than us. In the second stint, I was on the Medium tyre and had an issue with the engine, so I was really just trying to bring the car across the line. Max passed me which was painful, but then they had an issue and all of a sudden I was back in the lead. I was on the radio, telling my engineers I dont want to give it up, tell me what I need to do - I was pushing so hard at the end, taking every risk to bring it home with a win. This is a high, but I want to stay on that wave and win the next race as well. 
 
Valtteri Bottas 
Im really happy and proud to be part of this team. This is down to hard work by every single team member, both back at the factories in Brackley and Brixworth as well as here at the race track - they really deserve this title! Its usually only a few people who are in the spotlight all the time, but there are many, many hidden heroes in our team - thank you all! We kept everything together even under immense pressure, minimised our mistakes and did a great job developing the car - huge congratulations to everyone. The race today was a bit tricky; everything went as planned at the start and we could gain the lead at the beginning, but after that it got more difficult. In the first stint, I was struggling with overheating the tyres, in the second stint, I was struggling with blistering on the Mediums, so we had to stop a second time. I think we didnt quite have the pace today. It was a slightly tougher race than I expected, I was a bit more optimistic before the race, but overall it is a great day for Mercedes. 
 
Toto Wolff 
We just wrote Championship history - but winning the fifth double World Championship feels so surreal. Who would have thought this would be possible when we embarked on this mission eight years ago? If anyone had mentioned this record back then, we would have told them they are crazy. And yet, here we are today, having just equalled the Ferrari record from the Schumacher years. Its a great honour to represent Mercedes on the track and I cant thank everyone enough for their great work, both here at the track and in Brackley and Brixworth, and also for the continued support from Daimler in Stuttgart and PETRONAS in Kuala Lumpur and Turin. None of this would have been possible without their contributions and without the hard work and the passion of everyone on the team. I had a conversation with Lewis on Sunday night in Mexico; he had just won his fifth world championship, but both of us were not fully satisfied - because our objective was to win both titles. Thats why he was fighting so hard today because he wanted to finish this on a high, win the race and win the constructors championship for the team. Valtteri had a trickier season than Lewis, but he has improved his performance this year and played a vital role for this championship success. Five consecutive titles - Im immensely proud of this amazing achievement.

11 hrs ago

CircuitProDigital

Mercedes-AMG Petronas Motorsport win fifth consecutive FIA Formula One Constructors' World Championship!
Lewis Hamilton took his 72nd career victory today, his tenth of the 2018 season and second in Interlagos
Valtteri set the fastest lap of the race - his tenth fastest lap in Formula One - and finished the race in P5
Today's result marks the 50th win of the hybrid era for Lewis, which means that he won more than 50 percent of the 99 races since 2014
The result also marks the tenth win for the Mercedes-AMG F1 W09 EQ Power+, a championship-winning car that has now earned its designation as a true Silver Arrow
Lewis (383 points) leads the Drivers' Championship by 81 points from Sebastian Vettel (302 points), with Valtteri (237 points) in P4
Mercedes-AMG Petronas Motorsport (620 points) lead Ferrari (553 points) by 67 points in the Constructors' Championship - an unassailable lead with 43 points still to be scored in the 2018 season

Andrew Shovlin, Trackside Engineering Director, accepted the Constructors' trophy on behalf of the team

-----------------------

Lewis Hamilton
That's real history in the making for the team. If I were to stop today with Mercedes, I would always remember this day and that I was a part of it and that's so cool. This has been a seriously tough year and everyone on this team has fought so hard, harder than we've ever fought and we're the most united that we've ever been - which is not expected when you've had success in previous years and could easily drop the ball. The guys have been continuing to raise the bar. Today was such a tough race for me, but I really wanted to deliver and win this for the team. It has such a big knock-on effect; everyone on the team can now go into the last race and into the winter, knowing that they won the world title and that they're legends. I am so grateful for all the hard work - here at the track, back home at the factories, at PETRONAS and all of our partners - I'm so proud to be part of this team. I'm actually kind of nervous to go back to the factories and hear the roar - I think the atmosphere is going to be incredible. I didn't expect the Red Bulls to be in the race like that today, I thought they'd be in a similar pace to us, but they were quite a bit quicker. We struggled with the tyres in the first stint and they were able to manage the tyres better than us. In the second stint, I was on the Medium tyre and had an issue with the engine, so I was really just trying to bring the car across the line. Max passed me which was painful, but then they had an issue and all of a sudden I was back in the lead. I was on the radio, telling my engineers "I don't want to give it up, tell me what I need to do" - I was pushing so hard at the end, taking every risk to bring it home with a win. This is a high, but I want to stay on that wave and win the next race as well.

Valtteri Bottas
I'm really happy and proud to be part of this team. This is down to hard work by every single team member, both back at the factories in Brackley and Brixworth as well as here at the race track - they really deserve this title! It's usually only a few people who are in the spotlight all the time, but there are many, many hidden heroes in our team - thank you all! We kept everything together even under immense pressure, minimised our mistakes and did a great job developing the car - huge congratulations to everyone. The race today was a bit tricky; everything went as planned at the start and we could gain the lead at the beginning, but after that it got more difficult. In the first stint, I was struggling with overheating the tyres, in the second stint, I was struggling with blistering on the Mediums, so we had to stop a second time. I think we didn't quite have the pace today. It was a slightly tougher race than I expected, I was a bit more optimistic before the race, but overall it is a great day for Mercedes.

Toto Wolff
We just wrote Championship history - but winning the fifth double World Championship feels so surreal. Who would have thought this would be possible when we embarked on this mission eight years ago? If anyone had mentioned this record back then, we would have told them they are crazy. And yet, here we are today, having just equalled the Ferrari record from the Schumacher years. It's a great honour to represent Mercedes on the track and I can't thank everyone enough for their great work, both here at the track and in Brackley and Brixworth, and also for the continued support from Daimler in Stuttgart and PETRONAS in Kuala Lumpur and Turin. None of this would have been possible without their contributions and without the hard work and the passion of everyone on the team. I had a conversation with Lewis on Sunday night in Mexico; he had just won his fifth world championship, but both of us were not fully satisfied - because our objective was to win both titles. That's why he was fighting so hard today because he wanted to finish this on a high, win the race and win the constructors' championship for the team. Valtteri had a trickier season than Lewis, but he has improved his performance this year and played a vital role for this championship success. Five consecutive titles - I'm immensely proud of this amazing achievement.

James Allison
This is an amazing, amazing group of people built up over many years. The skill and the dedication in a sport that is famously complicated - to get all those ducks lined up in a row, not just once or twice but season after season - is just incredible. What was difficult about this season is that the opposition were that quick. We came to the races not knowing if we were going to win, not having any idea whether they were going to smash us. It ebbed and flowed all through the year. We thought we had them punched down so many times - only for them to bounce back up and give us a really tough time, and it's still happening now. The fact that this year has been so desperately close shows that the difference between the teams is utterly tiny - and it was Lewis who made the difference for us this year. He keeps putting it on pole, in the races we can make mistakes and he'll recover it by doing something unlikely on the track that no-one sees coming and he's spent the whole year not making mistakes. He's just the consummate racing driver. We're very lucky with the driver partnership that we have. Valtteri had a lot of bad luck at the start of the year when he might have had some race wins and has not had the same success that Lewis has had. Valtteri has been stronger this year than he was last year, he's been a brilliant team-mate to us all and a huge asset.
... See Less

Mercedes-AMG Petronas Motorsport win fifth consecutive FIA Formula One Constructors World Championship!
Lewis Hamilton took his 72nd career victory today, his tenth of the 2018 season and second in Interlagos
Valtteri set the fastest lap of the race - his tenth fastest lap in Formula One - and finished the race in P5
Todays result marks the 50th win of the hybrid era for Lewis, which means that he won more than 50 percent of the 99 races since 2014
The result also marks the tenth win for the Mercedes-AMG F1 W09 EQ Power+, a championship-winning car that has now earned its designation as a true Silver Arrow
Lewis (383 points) leads the Drivers Championship by 81 points from Sebastian Vettel (302 points), with Valtteri (237 points) in P4
Mercedes-AMG Petronas Motorsport (620 points) lead Ferrari (553 points) by 67 points in the Constructors Championship - an unassailable lead with 43 points still to be scored in the 2018 season

Andrew Shovlin, Trackside Engineering Director, accepted the Constructors trophy on behalf of the team

-----------------------

Lewis Hamilton 
Thats real history in the making for the team. If I were to stop today with Mercedes, I would always remember this day and that I was a part of it and thats so cool. This has been a seriously tough year and everyone on this team has fought so hard, harder than weve ever fought and were the most united that weve ever been - which is not expected when youve had success in previous years and could easily drop the ball. The guys have been continuing to raise the bar. Today was such a tough race for me, but I really wanted to deliver and win this for the team. It has such a big knock-on effect; everyone on the team can now go into the last race and into the winter, knowing that they won the world title and that theyre legends. I am so grateful for all the hard work - here at the track, back home at the factories, at PETRONAS and all of our partners - Im so proud to be part of this team. Im actually kind of nervous to go back to the factories and hear the roar - I think the atmosphere is going to be incredible. I didnt expect the Red Bulls to be in the race like that today, I thought theyd be in a similar pace to us, but they were quite a bit quicker. We struggled with the tyres in the first stint and they were able to manage the tyres better than us. In the second stint, I was on the Medium tyre and had an issue with the engine, so I was really just trying to bring the car across the line. Max passed me which was painful, but then they had an issue and all of a sudden I was back in the lead. I was on the radio, telling my engineers I dont want to give it up, tell me what I need to do - I was pushing so hard at the end, taking every risk to bring it home with a win. This is a high, but I want to stay on that wave and win the next race as well. 
 
Valtteri Bottas 
Im really happy and proud to be part of this team. This is down to hard work by every single team member, both back at the factories in Brackley and Brixworth as well as here at the race track - they really deserve this title! Its usually only a few people who are in the spotlight all the time, but there are many, many hidden heroes in our team - thank you all! We kept everything together even under immense pressure, minimised our mistakes and did a great job developing the car - huge congratulations to everyone. The race today was a bit tricky; everything went as planned at the start and we could gain the lead at the beginning, but after that it got more difficult. In the first stint, I was struggling with overheating the tyres, in the second stint, I was struggling with blistering on the Mediums, so we had to stop a second time. I think we didnt quite have the pace today. It was a slightly tougher race than I expected, I was a bit more optimistic before the race, but overall it is a great day for Mercedes. 
 
Toto Wolff 
We just wrote Championship history - but winning the fifth double World Championship feels so surreal. Who would have thought this would be possible when we embarked on this mission eight years ago? If anyone had mentioned this record back then, we would have told them they are crazy. And yet, here we are today, having just equalled the Ferrari record from the Schumacher years. Its a great honour to represent Mercedes on the track and I cant thank everyone enough for their great work, both here at the track and in Brackley and Brixworth, and also for the continued support from Daimler in Stuttgart and PETRONAS in Kuala Lumpur and Turin. None of this would have been possible without their contributions and without the hard work and the passion of everyone on the team. I had a conversation with Lewis on Sunday night in Mexico; he had just won his fifth world championship, but both of us were not fully satisfied - because our objective was to win both titles. Thats why he was fighting so hard today because he wanted to finish this on a high, win the race and win the constructors championship for the team. Valtteri had a trickier season than Lewis, but he has improved his performance this year and played a vital role for this championship success. Five consecutive titles - Im immensely proud of this amazing achievement. 
 
James Allison 
This is an amazing, amazing group of people built up over many years. The skill and the dedication in a sport that is famously complicated - to get all those ducks lined up in a row, not just once or twice but season after season - is just incredible. What was difficult about this season is that the opposition were that quick. We came to the races not knowing if we were going to win, not having any idea whether they were going to smash us. It ebbed and flowed all through the year. We thought we had them punched down so many times - only for them to bounce back up and give us a really tough time, and its still happening now. The fact that this year has been so desperately close shows that the difference between the teams is utterly tiny - and it was Lewis who made the difference for us this year. He keeps putting it on pole, in the races we can make mistakes and hell recover it by doing something unlikely on the track that no-one sees coming and hes spent the whole year not making mistakes. Hes just the consummate racing driver. Were very lucky with the driver partnership that we have. Valtteri had a lot of bad luck at the start of the year when he might have had some race wins and has not had the same success that Lewis has had. Valtteri has been stronger this year than he was last year, hes been a brilliant team-mate to us all and a huge asset.
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