🔗 Share this article Toto Wolff Set to Sell Shareholding Valuing Mercedes F1 at £4.6 Billion Toto Wolff has led the Mercedes team to record-breaking achievements in Formula 1 Toto Wolff is in advanced talks to offload a portion of his ownership stake in the Mercedes Formula 1 team. This transaction values Mercedes at £4.6 billion – an unprecedented figure for an F1 team – following the McLaren team were valued at £3.5 billion in a change of corporate structure last September. The Austrian executive, who owns a 33% stake of Mercedes F1, plans to divest a shareholding in the region of five percent. Wolff, aged 53 would stay on as team principal and chief executive officer should the deal proceed. Ownership Breakdown The other shareholders in the team are Mercedes-Benz and chemicals giant Ineos Group, who both hold a third of the enterprise. A Mercedes spokesperson stated: "We will be making no official statement on the matter. The management structure of the team will remain unchanged, and all three partners are fully committed to continued achievements of the brand in F1." Financial Increase The deal would represent a significant increase in worth of Mercedes F1 since Ineos acquired its share for £208m in 2022. This surge demonstrates the expansion in market values of Formula 1 outfits in the past few years due to the increasing appeal of the sport around the world. This was also seen in the box-office performance of the Formula 1 film featuring Brad Pitt, which debuted last summer and earned over $630 million (£458 million) at cinemas worldwide. It is the actor's top-grossing film and the highest-earning sports film ever released. Present Standings The Mercedes team are runner-up in the team standings, behind McLaren Racing, with three races left in the current championship. Their lead driver George Russell has secured victory in 2 of the 21 grands prix this year and is in fourth place in the individual standings behind McLaren drivers Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen. The team secured a unprecedented eight consecutive team titles and seven drivers' titles, six won by Lewis Hamilton and one for Nico Rosberg, from 2014 to 2021.