P1racenews AI automatic summary:
Wolff commits to new Mercedes F1 contract with no performance clauses
In an interview with The Daily Telegraph, Toto Wolff, team principal of Mercedes-AMG Petronas Formula One Team, revealed that he has agreed to a new deal to stay with the team until at least the end of 2026. The agreement involves the three shareholders, Wolff, INEOS owner Jim Ratcliffe, and Mercedes-Benz CEO Ola Kallenius, who believe that stability in management is crucial for the team’s success. According to Wolff, trust among the shareholders is of utmost importance, as they all want the best return on investment, which is winning. Despite Mercedes’ lack of success in the previous season, Wolff’s future is not tied to the team’s on-track performance, as there is no performance clause in his contract. His motivation lies in embracing the challenges and avoiding boredom rather than burnout.
