El Mundo Deportivo, and Italiaracing, claim the 2007 world champion traded income and performance bonuses for an actual slice of the Genii-controlled team that is based at Enstone, UK.

He “could be the first ‘driver-owner’ in F1 in more than twenty years,” the Spanish newspaper claimed.

El Mundo said Finn Raikkonen, 32, proposed the idea to Williams but it did not take place “perhaps because (the British team) is listed on the stock exchange”.

Together with his management team headed by David and Steve Robertson, Raikkonen had his own ‘Double R’ F3 team.

And he competed in world rallying this year with his own outfit by the name of Ice1 Racing, which is also involved in motocross.

yallaf1.com