Team Penske founder and owner Roger Penske has rubbished reports suggesting he is in talks to purchase the Mercedes Formula One team from Daimler. As Paddock Eye reported this week The Captain has said that his plate is full and that the reports are absolutely not true.

The Penske Corporation through its subsidiary Penske Entertainment have agreed to purchase the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions from Hulman and Company, the purchase is set to be completed in mid January.

Roger Penske not only owns his Penske IndyCar Series team but they also compete in the Monster Energy NASCAR Cup Series and Australian Supercar championship.

Penske also owns and operates the Belle Isle Grand Prix circuit in Detroit so as Penske says he has enough on his plate without adding a championship winning Formula One team to the mix.

The Mercedes AMG Petronas F1 team secured their sixth consecutive championship double in 2019 with Lewis Hamilton winning the Drivers championship. The rumours about Mercedes surfaced after it was confirmed that Team Principal Toto Wolff is not attending this weekend’s Brazilian Grand Prix.

However, Wolff is not just Team Principal and CEO of the Mercedes AMG Petronas F1 team but he is also head of Mercedes Benz Motorsport and is overseeing the launch of the Mercedes ABB FIA Formula E team who make their race debut in Saudi Arabia next weekend before heading directly to Abu Dhabi for the final Formula One race of the season.

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