Formula One stars team up to launch classic car firm
Mika Hakkinen and David Coulthard join board of investment start-up
Tertre Rouge allows investment in rare classic cars. Allan McNish, left, and David Coulthard, right, with the chief executive André Ahrlé, have joined its board
TERTRE ROUGE
The Formula One stars Mika Hakkinen and David Coulthard have teamed up with a pair of entrepreneurs to launch a stock market business that allows the public to invest in ultra-rare classic cars.
The duo, along with the Le Mans endurance-race winner Allan McNish, have joined the board of a start-up that will this week fire the starting gun on a £50 million fundraising through the broker Oberon Capital to start building up its collection.
Tertre Rouge Assets — named after a famous bend at Le Mans — has secured six rare cars for £30 million, including a 1963 Jaguar E Type Lightweight, a 1960 Formula 1 Ferrari and a 1958 Mercedes-Benz 300 SL, to start the business.
The rest of the £50 million will
