Wolff Negotiates Sale of Shares in Mercedes F1: Valuation Reaches $6 Billion

Toto Wolff in Advanced Negotiations to Sell Part of his Stake in Mercedes F1

Sources close to the situation have revealed to Alofoke Deportes that Toto Wolff, a key figure in the Mercedes Formula 1 team, is in advanced talks to sell part of his 33% stake in the team. This operation could value the entity at approximately £4.6 billion (6 billion dollars). Wolff, who would continue to perform his dual roles as CEO and team principal, would be considering the sale of a “mid-single-digit stake” of his share package. According to reports, the stake for sale could be 5%. Sources with direct knowledge of the agreement indicate that negotiations are underway with George Kurtz, CEO of Crowdstrike. If it materializes, Mercedes’ total valuation would exceed the recent acquisition of a stake in the McLaren F1 team, which valued the latter at around 3.5 billion pounds sterling.

Toto Wolff could sell part of his stake in Mercedes, which would value the team at approximately 4.6 billion pounds.

We will not comment on it. The team’s governance will remain unchanged, and the three partners [Mercedes-Benz, Toto and INEOS] are fully committed to the continued success of Mercedes-Benz in Formula One.

Mercedes Spokesperson

Currently, the three entities mentioned (Mercedes-Benz, Toto Wolff, and INEOS) each hold a 33% stake in the team. Under Wolff’s direction, Mercedes has achieved unprecedented success between 2014 and 2021, conquering seven drivers’ championships and eight constructors’ championships. In the current season, Mercedes is positioned in second place in the teams’ standings and seeks to maintain its position against its rivals Red Bull and Ferrari in the remaining three races.