🔗 Share this article Toto Wolff Set to Sell Stake Pricing Mercedes F1 at £4.6 Billion Team Principal Wolff has guided the Mercedes team to historic achievements in Formula 1 Mercedes team principal Toto Wolff is in advanced talks to offload part of his ownership stake in the Mercedes Formula 1 team. This transaction estimates the Mercedes team at £4.6 billion – an unprecedented figure for a Formula 1 squad – after the McLaren team were valued at £3.5 billion in a change of corporate structure in September. Wolff, who holds one-third of Mercedes F1, would sell a stake in the region of five percent. Wolff, aged 53 will remain as team principal and CEO if the sale goes through. Shareholder Breakdown Remaining partners in the team are Mercedes and industrial group Ineos Group, who both hold a third of the company. An official representative said: "We are providing no comment on the matter. The management structure of Mercedes F1 will remain unaltered, and all three partners are dedicated to continued achievements of Mercedes-Benz in Formula One." Valuation Increase This arrangement would represent a substantial rise in value of the Mercedes team after Ineos Group bought its share for £208m in 2022. This surge reflects the growth in market values of Formula 1 outfits in the past few years as a consequence of the increasing appeal of the sport around the world. This trend was evident with the box-office performance of the Formula 1 film featuring Brad Pitt, which was released in summer 2023 and earned more than $630m (£458m) at the box office. The film represents the actor's top-grossing movie and the most successful sports film to date. Present Standings The Mercedes team are second in the team standings, behind McLaren, with three races left this season. Mercedes' primary racer British driver George Russell has secured victory in two of the 21 grands prix this year and is in fourth place in the drivers' championship after McLaren's Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen. Mercedes secured a unprecedented eight consecutive team titles and seven driver championships, six won by Lewis Hamilton and one for Nico Rosberg, between 2014 to 2021.