Mercedes-Benz is currently involved in Formula One as the owner of the Mercedes-AMG Petronas F1 Team, based in Brackley and operating under a German license. For the past year, the team was formally known as 'Mercedes AMG Petronas Motorsport', and from 2020 the team will be known as 'Mercedes-AMG Petronas Formula One Team'. The team was formed when Mercedes-Benz, after a 15-year association with the McLaren team, acquired a 75.1 percent stake in the Brawn GP team in partnership with Aabar Investments PJSC on 16 November 2009.