Automotive News

More twists in the bizarre saga of a team in limbo

The long running saga over the ownership of the Monaco Sports Group (MSG) – the licence holder and operator of the Citroen Formula E team – is still not fully resolved. But that hasn’t stopped it appointing former IndyCar team boss Beth Paretta as its new managing director.The Race can reveal that MSG, the original licence holder of the formerly Maserati-branded team that’s now running as Citroen, has appointed Paretta after an attempt by a specially established ‘Special Purpose Vehicle’ (SPV) company of Liberty Global to acquire the team was not completed.The move is contentious in the Formula E paddock given Paretta’s previous role.Her appointment is known to have been only confirmed internally at the Citroen team several hours after her arrival at Tempelhof last Friday l …


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Author: Sam Smith

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