🔗 Share this article Wolff Set to Divest Shareholding Valuing Mercedes F1 at £4.6bn Team Principal Wolff has led the Mercedes team to historic success in Formula 1 Toto Wolff is in final negotiations to offload 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 McLaren were valued at £3.5 billion in a change of ownership structure in September. The Austrian executive, who holds a 33% stake of Mercedes F1, plans to divest a stake approximately 5%. Wolff, aged 53 would stay on as team principal and chief executive officer if the sale goes through. Shareholder Structure Remaining partners in the team are Mercedes-Benz and industrial group Ineos, who each also own one-third of the enterprise. An official representative stated: "We will be making no official statement on the matter. The management structure of Mercedes F1 stays unchanged, and all three partners are fully committed to the ongoing success of Mercedes-Benz in Formula One." Valuation Increase The deal signifies a substantial rise in worth of Mercedes F1 since Ineos Group acquired its stake for £208 million in 2022. This surge reflects the expansion in valuations of Formula 1 outfits recently as a consequence of the growing popularity of the sport around the world. This was also seen in the box-office performance of the Formula 1 film featuring Hollywood star Brad Pitt, which was released last summer 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 movie to date. Current Performance The Mercedes team are second in the constructors' championship, behind McLaren, with three races remaining in the current championship. Their lead driver British driver George Russell has won 2 of the 21 races so far and is in fourth place in the drivers' championship after McLaren drivers Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen. The team secured a record eight straight team titles and seven drivers' titles, six for Lewis Hamilton and one for Nico Rosberg, between 2014 to 2021.