The latest chapter around the travails and ‘on the market’ future of the MSG company that held the licence for one of Stellantis’s two Formula E entries has shaken up the paddock like a battery-powered, multi-kilowatt snow globe. The Race revealed on Tuesday that Formula E Operations’s former vice president of sporting, Beth Paretta, has been integrated into what is now the Citroen team as of last week and is to prepare and execute a plan for potential new investors to invest in or acquire it. MSG has effectively been a shell for over a year in terms of its commercial and marketing functions, with its licence reverting to FEO – as well as some of its invoices. Paretta’s appointment has been viewed by some as provocative after a plan for Liberty itself to rescue the team under a ‘special purpose vehicle’ business set-up dissipated am …
Go to Source
Author: Sam Smith
