P1racenews AI automatic summary:
The Austrian is reportedly on the verge of selling a minor stake in the F1 team, according to a report.
Toto Wolff is currently discussing the possibility of selling a portion of his stake in Mercedes, which could lead to a record valuation for an F1 team. He, alongside Daimler-Benz and INEOS, holds 33% ownership of the team. The potential buyer is in talks to acquire a “single-digit stake” from Wolff’s share. The deal, if finalized, could value Mercedes at approximately $6 billion USD, surpassing McLaren’s recent valuation of $4.7 billion USD. Mercedes F1 is estimated to be worth €5.2 billion, making it the most valuable team in F1 history. Despite the potential sale, the team’s governance will remain unchanged, with all partners dedicated to the ongoing success of Mercedes-Benz in Formula One. Wolff, who joined Mercedes in 2013, saw the team achieve a profit of £120 million GBP in 2024, as per official UK documents from Companies House.
