Toto Wolff is in talks to promote a part of his shareholding within the Mercedes F1 group, Sky Sports activities Information understands.
Wolff owns a 3rd of Mercedes F1 and is in superior discussions to promote a shareholding off round 5 per cent with the Austrian to retain round 28 per cent.
The 53-year-old would stay as Mercedes group principal and CEO if the sale goes by means of.
The deal values Mercedes at £4.6bn.
Mercedes mentioned in a press release: “We will probably be making no touch upon this.
“The governance of the team will remain unchanged, and all three partners [Mercedes-Benz, Toto and INEOS] are fully committed to the ongoing success of Mercedes-Benz in Formula 1.”
The deal would signify a major improve in worth of Mercedes F1 since Sir Jim Ratcliffe’s Ineos purchased its stake for £208m in 2022.
Mercedes are at present second within the constructors’ championship, behind McLaren, with three races remaining.
George Russell has gained two of the 21 grands prix this yr and is fourth within the drivers’ championship behind McLaren’s Lando Norris and Oscar Piastri and Pink Bull’s Max Verstappen.
Mercedes gained a document eight consecutive constructors’ championships and 7 drivers’ titles, six for Lewis Hamilton and one for Nico Rosberg, between 2014 and 2021.
Components 1’s thrilling title race continues with the Las Vegas Grand Prix on November 21-23, stay on Sky Sports activities F1. Stream Sky Sports activities with NOW – no contract, cancel anytime
