Wolff To Sell Stake Valuing Mercedes F1 At £4.6bn

Toto Wolff is successful precocious talks to waste portion of his shareholding successful nan Mercedes Formula 1 team.

The woody values Mercedes astatine £4.6bn - a grounds for an F1 squad - aft McLaren were valued astatine £3.5bn successful a alteration of ownership building successful September.

Wolff, who owns one-third of Mercedes F1, would waste a shareholding successful nan region of 5%.

The 53-year-old would enactment connected arsenic squad main and main executive serviceman if nan waste goes through.

The woody was first reported by Sportico and BBC Sport has independently verified nan accusation is accurate.

The different shareholders successful nan squad are Mercedes and chemicals elephantine Ineos, who each besides ain a 3rd of nan company.

A Mercedes spokesperson said: "We will beryllium making nary remark connected this. The governance of nan squad will stay unchanged, and each 3 partners are afloat committed to nan ongoing occurrence of Mercedes-Benz successful Formula One."

The woody would correspond a important summation successful worth of Mercedes F1 since Ineos bought its liking for £208m successful 2022.

The emergence reflects nan maturation successful valuations of F1 teams successful nan past fewer years arsenic a consequence of nan expanding entreaty of nan athletics astir nan world.

This was besides seen successful nan occurrence of nan F1 movie starring Brad Pitt, which was released past summertime and has grossed much than $630m (£458m) astatine nan container office. It is Pitt's astir successful movie and nan astir successful sports movie.

Mercedes are 2nd successful nan constructors' championship, down McLaren, pinch 3 races remaining this season.

Their lead driver driver George Russell has won 2 of nan 21 grands prix this twelvemonth and is 4th successful nan drivers' title down McLaren's Lando Norris and Oscar Piastri, and Red Bull's Max Verstappen.

The squad won a grounds 8 consecutive constructors' championships and 7 drivers' titles, six for Lewis Hamilton and 1 for Nico Rosberg, betwixt 2014 and 2021.