Niki Lauda's stake in the Mercedes Formula One team has been returned to Stuttgart as per the wishes of the triple world champion following his passing in May 2019.
Niki Lauda lived and breathed Formula One, working within the paddock to the last. Following his successful driving career, Lauda embarked on several business ventures before becoming a part of the Mercedes factory F1 effort.
Credited on many occasions by Lewis Hamilton as being the man who convinced him to leave McLaren and join the German manufacturer.
Lauda became an integral part of the Mercedes team in his role as a consultant. The Austrian also owned ten percent of the team, a stake which his son Mathias Lauda says has reverted back to the team.
"Motorsport was my father's life, he won the F1 world championship three times without help from family for good reason," Lauda told La Gazzetta Dello Sport.
"He was also successful in the business world. Years ago I saw in a contract that his shares are not with us as a family "The investment in Mercedes is going back to Stuttgart instead."
Reflecting on life without his father, Lauda added, "I have become much more mature, and I had to. I often still cannot believe that he is no longer there and I miss him enormously. But old things must now be dealt with."
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.
We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.