🔗 Share this article Wolff Set to Divest Shareholding Pricing Mercedes F1 at £4.6 Billion Toto Wolff has guided Mercedes to historic achievements in F1 Mercedes team principal Toto Wolff is in advanced talks to offload a portion of his ownership stake in the Mercedes Formula 1 team. This transaction values Mercedes at £4.6 billion – a record for an F1 team – following the McLaren team was appraised at £3.5bn in a change of ownership structure last September. The Austrian executive, who owns one-third of Mercedes F1, plans to divest a shareholding in the region of 5%. The 53-year-old will remain as team boss and CEO should the deal proceed. Ownership Structure Remaining partners in Mercedes F1 are Mercedes and chemicals giant Ineos, who both hold one-third of the enterprise. An official representative stated: "We are providing no official statement on the matter. The management structure of Mercedes F1 stays unaltered, and all three partners are fully committed to the ongoing success of Mercedes-Benz in F1." Valuation Increase The deal would represent a significant increase in value of the Mercedes team since Ineos acquired its share for £208 million in 2022. This surge demonstrates the expansion in valuations of Formula 1 outfits in the past few years due to the growing popularity of Formula 1 around the world. This trend was evident with the success of the Formula 1 film featuring Hollywood star Brad Pitt, which was released last summer and earned over $630 million (£458 million) at cinemas worldwide. The film represents Pitt's most successful film and the highest-earning sports film to date. Current Standings The Mercedes team are second in the constructors' championship, behind McLaren Racing, with three races left in the current championship. Mercedes' primary racer British driver George Russell has secured victory in 2 of the 21 races this year and is in fourth place in the drivers' championship behind McLaren's Lando Norris and Oscar Piastri, and Red Bull's Max Verstappen. The team won a unprecedented eight consecutive team titles and seven drivers' titles, six won by Lewis Hamilton and one by Nico Rosberg, between 2014 and 2021.