🔗 Share this article Toto Wolff Set to Divest Shareholding Valuing Mercedes F1 at £4.6 Billion Toto Wolff has guided the Mercedes team to record-breaking success in Formula 1 Toto Wolff is engaged in final negotiations to offload a portion of his shareholding in the Mercedes Formula 1 team. This transaction values the Mercedes team at £4.6bn – an unprecedented figure for a Formula 1 squad – following McLaren was appraised at £3.5bn in an adjustment to ownership structure in September. The Austrian executive, who holds a 33% stake of the Mercedes F1 operation, plans to divest a shareholding in the region of 5%. Wolff, aged 53 would stay on as team principal and CEO if the sale goes through. Ownership Breakdown The other shareholders in the team are Mercedes-Benz and industrial group Ineos Group, who both hold a third of the enterprise. A Mercedes spokesperson said: "We will be making no comment on the matter. The governance of Mercedes F1 will remain unaltered, and each shareholder are fully committed to continued achievements of the brand in Formula One." Financial Increase This arrangement would represent a significant increase in value of the Mercedes team after Ineos Group bought its stake for £208 million in 2022. The rise demonstrates the expansion in market values of F1 teams in the past few years as a consequence of the increasing appeal of Formula 1 globally. This was also seen in the success of the Formula 1 film featuring Hollywood star Brad Pitt, which debuted last summer and has grossed more than $630 million (£458 million) at cinemas worldwide. It is Pitt's most successful film and the most successful sports movie ever released. Current Standings The Mercedes team are second in the team standings, behind McLaren, with three races remaining in the current championship. Their lead driver British driver George Russell has won two of the 21 grands prix so far and is in fourth place in the individual standings after McLaren drivers Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen. The team secured a unprecedented eight straight team titles and seven drivers' titles, six for Lewis Hamilton and one for Nico Rosberg, between 2014 and 2021.