🔗 Share this article

Toto Wolff is engaged in final negotiations to offload part of his shareholding in the Mercedes F1 outfit.

This transaction estimates Mercedes at £4.6 billion – an unprecedented figure for a Formula 1 squad – following McLaren were valued at £3.5 billion in a change of corporate structure in September.

The Austrian executive, who owns a 33% stake of Mercedes F1, plans to divest a stake in the region of five percent.

Wolff, aged 53 will remain as team principal and chief executive officer should the deal proceed.

Ownership Breakdown

The other shareholders in Mercedes F1 are Mercedes-Benz and chemicals giant Ineos, who both hold a third of the company.

An official representative stated: "We are providing no official statement on this. The governance of Mercedes F1 stays unaltered, and each shareholder are dedicated to continued achievements of the brand in F1."

Financial Growth

This arrangement would represent a significant increase in worth of Mercedes F1 since Ineos Group bought its share for £208 million in 2022.

The rise reflects the expansion in valuations of F1 teams in the past few years as a consequence of the increasing appeal of the sport around the world.

This was also seen in the success of the Formula 1 film starring Brad Pitt, which debuted in summer 2023 and earned more than $630 million (£458 million) at the box office.

The film represents Pitt's most successful film and the most successful sports film ever released.

Current Performance

Mercedes are second in the constructors' championship, behind McLaren Racing, with three races remaining this season.

Mercedes' primary racer George Russell has secured victory in two of the 21 grands prix this year and is in fourth place in the individual standings after McLaren's Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen.

The team secured a unprecedented eight consecutive constructors' championships and seven driver championships, six for Lewis Hamilton and one for Nico Rosberg, between 2014 to 2021.