🔗 Share this article Toto Wolff Set to Divest Shareholding Pricing Mercedes F1 at £4.6 Billion Team Principal Wolff has guided the Mercedes team to historic success in F1 Mercedes team principal Toto Wolff is engaged in advanced talks to offload part of his ownership stake in the Mercedes Formula 1 team. The deal estimates Mercedes at £4.6 billion – an unprecedented figure for an F1 team – after McLaren was appraised at £3.5 billion in an adjustment to corporate structure last September. Wolff, who holds a 33% stake of the Mercedes F1 operation, plans to divest a stake in the region of five percent. The 53-year-old would stay on as team principal and chief executive officer should the deal proceed. Shareholder Breakdown The other shareholders in Mercedes F1 are Mercedes-Benz and industrial group Ineos, who both hold one-third of the enterprise. A Mercedes spokesperson said: "We are providing no official statement on the matter. The governance of Mercedes F1 stays unaltered, and each shareholder are fully committed to the ongoing success of the brand in Formula One." Valuation Growth This arrangement would represent a substantial rise in worth of Mercedes F1 since Ineos Group bought its share for £208 million in 2022. The rise reflects the growth in valuations of Formula 1 outfits in the past few years as a consequence of the increasing appeal of the sport around the world. This was also seen in the box-office performance of the F1 movie featuring Brad Pitt, which debuted in summer 2023 and has grossed over $630 million (£458 million) at the box office. The film represents Pitt's most successful movie and the highest-earning sports film ever released. Current Standings The Mercedes team are second in the constructors' championship, trailing McLaren, with three Grands Prix remaining this season. Their lead driver British driver George Russell has secured victory in 2 of the 21 grands prix this year and is fourth in the individual standings after McLaren's Lando Norris and Oscar Piastri, and Red Bull's Max Verstappen. Mercedes secured a unprecedented eight consecutive team titles and seven driver championships, six for Lewis Hamilton and one for Nico Rosberg, between 2014 and 2021.