Categories: Sports

Wolff in talks to sell part of his Mercedes F1 stake – reports

Published by TSG Syndication

VIDEO SHOWS: FILE OF MERCEDES F1 TEAM PRINCIPAL, CEO AND CO-OWNER TOTO WOLFF SHOWS: SAKHIR, BAHRAIN (FILE - FEBRUARY 25, 2025) (MERCEDES VNR - News use only. no commercial use. no monetisation. no resale) 1. MERCEDES F1 TEAM PRINCIPAL, CEO AND CO-OWNER TOTO WOLFF SPEAKING TO RACING DRIVERS, GEORGE RUSSEL, AND, ANDREA KIMI ANTONELLI, IN GARAGE 2. WOLFF TOUCHING RACE CAR 3. WOLFF TALKING TO ANTONELLI 4. WOLFF PATTING CREW MEMBER ON THE BACK 5. WOLF AND RESERVE DRIVER VALTTERI BOTTAS LISTENING TO RUSSELL 6. VARIOUS OF MERCEDES W16 ON TRACK LONDON, ENGLAND, UNITED KINGDOM (FILE - FEBRUARY 10, 2020) (REUTERS - Access all) 7. WOLFF AND INEOS CEO, JIM RATCLIFFE, UNVEILING MERCEDES-AMG F1 W11 EQ 8. INEOS LOGO ON CAR 9. WOLFF AND RATCLIFFE SHAKING HANDS AFTER AGREEING SPONSORSHIP DEAL 10. WOLFF AND RATCLIFFE POSING NEXT TO CAR 11. WOLFF AND RATCLIFFE, INEOS LOGO 12. WOLFF SAT ON CAR 13. VARIOUS OF WOLFF AND RATCLIFFE SAT ON CAR WHEELS 14. WOLFF AND RATCLIFFE STANDING UP 16. WOLFF TALKING TO RATCLIFFE BRIXWORTH, ENGLAND, UNITED KINGDOM (FILE - NOVEMBER 13, 2018) (REUTERS - Access all) 17. WOLFF SIGNING AUTOGRAPHS STORY: Toto Wolff is in advanced talks to sell part of his stake in Mercedes F1 in a deal that would value the Formula One team at a record $6 billion, Sportico and the Financial Times reported on Tuesday (November 11). Wolff, Mercedes-Benz and Ineos currently each hold 33% stakes. Mercedes said it would be making no comment on the reports but added "the governance of the team will remain unchanged, and all three partners are fully committed to the ongoing success of Mercedes-Benz in Formula One." The reports indicated the Austrian -- who serves as team principal as well as head of Mercedes motorsport -- planned to bring an outside investor into the holding company that owns his stake. The FT quoted a person with knowledge of the matter saying that the unidentified investor would end up taking a stake of about 5% in the team, with Wolff remaining in his roles. Sportico spoke of a "mid-single-digit stake". Mercedes won eight constructors' titles in a row from 2014 to 2021 and are second in the 2025 standings after 21 of 24 rounds. McLaren, who use Mercedes engines, have clinched the constructors' crown for the second year in a row and look set to add the drivers' title as well. Bahrain's Mumtalakat and Abu Dhabi's CYVN Holdings took full ownership of McLaren Racing last September in a deal one informed source said at the time valued the champions at $5 billion.  (Production: Conal Quinn) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication