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Oscar Piastri has finally dispensed with the services of his famous manager after nearly a year of speculation over the state of the relationship. Australian racer Piastri has been looked after by a management company run by former Formula One race-winner Mark Webber and his wife, Ann, but that long-time partnership has now come to an end. It was the expected outcome after Webber stepped back from attending races this year, though the end of the professional relationship has now been confirmed.
Webber is well-known in the motorsport world and enjoyed a strong F1 career of his own. He started 215 races across more than a decade, racking up nine wins and 42 podiums having represented the likes of Williams and Red Bull on track.
Since retiring from motorsport, he has had regular media work including as a pundit for Channel 4's coverage of F1 in the UK. He also co-founded JAM Sports with his wife and private equity CEO Jason Allen.
Piastri was one of the company's leading clients, having begun to work with them in 2019. He was still a teenager and not even on the FIA ladder at that point, racing in and winning the Formula Renault Eurocup title.
He then won both the Formula 3 and Formula 2 titles at the first attempt but was on the sidelines for 2022 as reserve driver at Alpine. The team then tried to promote him for the following year but Piastri infamously announced publicly that he would not race for them
In private, Piastri and Webber had negotiated a switch to McLaren which saw him become team-mate to Lando Norris in 2023. He has since won nine races so far and finished third in the drivers' championship last year, having led the standings for six months before a late-season collapse.
Webber was by his side throughout those times, but has barely been seen at races this year. That step back has now turned into a complete parting of ways with Piastri confirming his contract with the management company has been terminated.
"I'd like to thank Mark and Ann for all their support and advice over the years,” Piastri said. “Their guidance has been invaluable, particularly in navigating the beginning of my F1 career. I wish them all the best going forward."
Also announcing the news, Webber said: "We are proud to have played a pivotal role in the formative years of Oscar's career and to have placed him in F1 so that he could compete at the front so early on.
"Following our reduced trackside involvement this season, we have collectively agreed that now is an appropriate time to bring our management agreement to a close. This will allow Oscar to build on his achievements under a new management structure, and for us to embark on our new ventures. We wish Oscar all the very best for a long and successful career."
The 2026 season has been tough for Piastri, who is seventh in the drivers' standings with 152 points and zero wins up to now, while Norris' victory in Sao Paulo on Sunday was his third grand prix success of the campaign so far. The Brit is 94 points better off than his team-mate.
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