German car giant Mercedes-Benz has bought 75 percent of the Brawn Grand Prix team, with additional backing coming from an Abu Dhabi investment group.
Brawn, soon to be re-branded as Mercedes GP, will lose their current driver line-up if the rumors are true.
With Rubens Barrichello already confirmed as a Williams driver for 2010, the only question left is over current F1 world champion Jensen Button.
Button has been strongly linked with a drive with McLaren, as talks stalled regarding his pay at Brawn. The Briton visited the Woking-based team earlier this week.
This would give McLaren-Mercedes both this year's champion and last year's and make McLaren an all-British team.
Williams hot shot Nico Rosberg will be the Mercedes GP lead driver with Nick Heidfeld lined up as the second driver. This would meet Mercedes ambitions of having a Mercedes-backed team with a German driver. It would also allow Nick Heidfeld to continue his relationship with Mercedes after being overlooked whilst driving for Sauber when Kimi Raikkonen secured Mikka Hakkinen's vacant seat at McLaren.
With Rosberg as the lead driver, it seems logical that Button will be shipped to McLaren, to partner Hamilton, as Mercedes are not interested in paying him extra money.
They are, however, in negotiations.
McLaren will be able to offer Button the money he desires, as well as a competitive drive. This could lead to Button to being a multiple world champion, something that may not have been achieveable at Brawn.
He would, however, first have to beat Lewis Hamilton.
The big question in this breaking news is where Kimi Raikkonen will be after his would be seat at Mclaren has been poached by Button.
Button will be noticably cheaper than the Finn, whilst being current world champion.
With the remaining drives being snapped up, could Kimi find himself without a drive for 2010?
Red Bull were thought to have had an interest in Raikkonen, but have since confirmed that they are not trying to sign him.
Raikkonen may even end up at one of the new teams, although they too are already signing drivers for next season and may not have the avaliable cash to pay him.
Raikkonen would not lose out financialy if he did not get a drive for 2010. Ferrari are set to pay him $17 million if he sits out the 2010 season. This would also give credence to the rumors about a future career in rallying under the Fiat banner.