Wolff's sale sets the valuation of the Mercedes team at almost $6 billion.

Wolff's sale sets the valuation of the Mercedes team at almost $6 billion.

      The governance structure will stay the same.

      Toto Wolff is reportedly in talks to sell a small portion of his one-third ownership in the Mercedes Formula 1 team, in a deal that could set a record valuation for the reigning champions. The Financial Times states that the Mercedes team, jointly owned by Wolff, Mercedes-Benz, and the British chemicals giant INEOS, is currently valued at approximately $5.6 billion.

      The report suggests that Wolff is contemplating selling around 5% of his personal stake, reducing his ownership to about 28%. The identity of the buyer remains unconfirmed, but it is believed to be the head of Mercedes’ cybersecurity partner, CrowdStrike.

      If finalized, this deal would mark the highest valuation ever for a Formula 1 team, surpassing the $4.3 billion figure recently linked to McLaren after its latest ownership restructuring. It also highlights a remarkable increase in value since INEOS purchased its one-third share in January 2022 for around $260 million.

      A spokesperson for Mercedes stated: "The governance will remain unchanged and all three partners are fully committed to the ongoing success of Mercedes-Benz in Formula 1." Wolff, who is 53, has served as team principal and co-owner since 2013.

Wolff's sale sets the valuation of the Mercedes team at almost $6 billion.

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Wolff's sale sets the valuation of the Mercedes team at almost $6 billion.

Formula 1 | It has been reported that Toto Wolff is in talks to sell a minor share of his one-third ownership in the Mercedes Formula 1 team, as part of a deal that (…)