Wolff Set to Divest Stake in Mercedes F1, Valued at £4.6bn

Hadisur Rahman, JadeTimes Staff

H. Rahman is a Jadetimes news reporter covering Business

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Image Source: Getty Images

Formula 1 boss Toto Wolff is in advanced talks to sell a portion of his Mercedes F1 stake, a move that would value the team at a record £4.6 billion. Wolff currently owns about one-third of Mercedes F1 and is considering selling around 5% of his holding. If completed, he would remain as team principal and chief executive.

The remaining owners are Mercedes and chemicals giant Ineos, each holding one-third of the team. A Mercedes spokesperson declined to comment, noting that governance would stay intact and all partners remain committed to Mercedes-Benz’s ongoing F1 success.

The prospective sale marks a sharp rise in the team’s value since Ineos bought its stake for £208 million in 2022, reflecting a broader surge in Formula 1 valuations as the sport grows globally. The surge has been bolstered by the success of the F1 movie released last summer, which grossed over $630 million and became a notable sports film achievement.

Mercedes sit second in this season’s constructors’ standings with three races to go, behind McLaren. Lead driver George Russell has won two of the year’s 21 grands prix and sits fourth in the drivers’ championship behind McLaren’s Lando Norris and Oscar Piastri, and Red Bull’s Max Verstappen. Mercedes previously dominated, securing eight straight constructors’ titles and seven drivers’ titles between 2014 and 2021 (six for Lewis Hamilton, one for Nico Rosberg).

This development comes as Formula 1 continues to attract global attention and investment, underscoring the sport’s evolving ownership landscape and the growing financial footprint of premier teams.