🔗 Share this article Toto Wolff Set to Sell Shareholding Valuing Mercedes F1 at £4.6bn Team Principal Wolff has led the Mercedes team to record-breaking achievements in Formula 1 Mercedes team principal Toto Wolff is engaged in final negotiations to sell a portion of his ownership stake in the Mercedes F1 outfit. This transaction values the Mercedes team at £4.6bn – an unprecedented figure for a Formula 1 squad – after the McLaren team was appraised at £3.5bn in a change of corporate structure in September. The Austrian executive, who holds one-third of Mercedes F1, plans to divest a shareholding approximately five percent. The 53-year-old will remain as team boss and chief executive officer if the sale goes through. Shareholder Structure The other shareholders in the team are Mercedes and industrial group Ineos Group, who both hold one-third of the company. An official representative said: "We will be making no comment on the matter. The management structure of the team stays unaltered, and all three partners are fully committed to continued achievements of the brand in Formula One." Valuation Increase The deal would represent a substantial rise in value of the Mercedes team after Ineos acquired its stake for £208 million in 2022. This surge reflects the growth in valuations of Formula 1 outfits in the past few years due to the increasing appeal of Formula 1 globally. This trend was evident with the success of the Formula 1 film starring Hollywood star Brad Pitt, which debuted in summer 2023 and has grossed over $630m (£458 million) at cinemas worldwide. The film represents the actor's top-grossing movie and the highest-earning sports movie to date. Current Performance The Mercedes team are runner-up in the team standings, trailing McLaren, with three Grands Prix left in the current championship. Their lead driver British driver George Russell has secured victory in two of the 21 races so far and is in fourth place in the individual standings after McLaren drivers Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen. The team secured a record eight consecutive constructors' championships and seven driver championships, six for Lewis Hamilton and one by Nico Rosberg, between 2014 to 2021.