P1racenews AI automatic summary:
How committed is Toto Wolff to Mercedes after selling 15% stake?
Toto Wolff has confirmed his commitment to stay with the Mercedes F1 team despite selling a 15% stake to George Kurtz.
Wolff, who is a one-third co-owner of the team along with INEOS and Mercedes-Benz, has been with Mercedes since 2013 and led the team to significant success.
The recent sale of the stake raised questions about Wolff’s future, but he reassured that he has no plans to sell the team or step down as team principal.
Mercedes’ valuation now stands at $6 billion, showcasing the global appeal of F1 and the potential for growth in team values.
Wolff believes that with financial regulations in place and a focus on creating an enjoyable and entertaining sport, F1 can continue to expand and thrive in the future.
