'Wolff poised to strike sale of stake in Mercedes' $6bn F1 team'
Photo: RacePictures.
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A filmmaker with a soft spot for Ronnie Peterson, Gilles Villeneuve, Mika Hakkinen and above all, Tazio Nuvolari and Ayrton Senna, is also a diehard Formula One fan since the age of 4 (mid-90's). An avid researcher of the past of Grand Prix Racing since before it was even named F1, and with a thirst for knowledge of the ins and outs of the actuality of the sport, as well as for the technical aspects that define it, is a member of GPblog since 2023, where he has put his love of racing to good use.
Toto Wolff, Mercedes team principal and CEO is currently understood to be holding talks - that are in advanced stages - with the intent to sell a part of his stake in the German team.
According to Sportico the reported deal values Mercedes at $6bn USD (£4.6 bn), with McLaren being the team that boasted the highest value standing at $4.6bn USD (£3.5bn) - revealed by the team's structural change in September - up until now.
Wolff owns a third of the Mercedes F1 team and would sell a 5% stake, the website reports. The deal does not involve a leadership change, with the Austrian retaining his three-fold role as part-owner, team principal and CEO of the F1 team after the sale goes through.
Toto Wolff in the Circuit of the Americas paddock - Photo: RacePictures
The unnamed buyer would join Wolff, Ineos and Mercedes, as the Brackley-based F1 squad's shareholders, with the latter two keeping their respective third each of the remaining stake each.
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F1 teams' values have skyrocketed in recent times with Mercedes taking a massive $5.2bn USD leap from its previous appraisal standing at around the $821 million USD mark (£624 million), back when Ineos originally bought its stake for approximately $270 million USD (£208 million) in 2022, along with $McLaren's $4.6bn USD previously referenced value.
A Mercedes spokesperson told GPblog: “We will be making no comment on this. The governance of the team will remain unchanged, and all three partners are fully committed to the ongoing success of Mercedes-Benz in Formula One.”
Wolff addresses Antonelli's bizarre trait
Andrea Kimi Antonelli's familiarity with certain circuits boosted the team's confidence ahead of a number of Grand Prix weekends, with the actual result often being a disappointment. However, strangely enough Antonelli's best performances have come in tracks he's never raced at, like his Miami pole, his P2 in Canada and his Brazil GP P2, of course.
Wolff also took notice of this himself, click here to read his reaction.
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