Formula-1
Toto Wolff is close to selling part of Mercedes shares, the team is valued at $6 billion – media
Toto Wolff / Photo: © Kym Illman / Contributor / Getty Images Sport / Gettyimages.ru
Mercedes Formula 1 team boss Toto Wolff is in advanced negotiations to sell part of his 33% stake in the team, Sportico reports.
According to preliminary estimates, the value of the team is 6 billion US dollars.
If an agreement is reached, the sale would be a record for a Formula 1 team and would surpass the estimated $4.7 billion for which McLaren’s stake was sold in October 2025.
Wolff is expected to remain Mercedes CEO and team principal.
The 53-year-old Austrian was previously an investor in the Williams racing team before joining Mercedes in 2013.
Source: Sportbox
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