The Brawn GP team pocketed a profit of £98.5 million in 2009 thanks to their double championship win.
The team, formely Honda, was saved from being shut down thanks to a management buyout by Ross Brawn and Nick Fry.
The team was then sold to Daimler AG’s Mercedes and the Abu Dhabi fund Aabar Investments PJSC for £110 million, which led to Brawn and Fry sharing in over £20 million worth of dividends.
The figures were revealed in a filing at Companies House in London on Tuesday and reported by Bloomberg.
The filing also revealed that sales at the company increased by 38% to £234.5 million between 2008, under Honda ownership, and 2009, under Brawn ownership.
Discussion about this post