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Mercedes team principal Toto Wolff is in final negotiations to offload a portion of his ownership stake in the Mercedes Formula 1 team.

The deal values Mercedes at £4.6bn – an unprecedented figure for a Formula 1 squad – following the McLaren team were valued at £3.5 billion in an adjustment to corporate structure in September.

Wolff, who holds a 33% stake of Mercedes F1, would sell a stake in the region of 5%.

Wolff, aged 53 would stay on as team principal and chief executive officer if the sale goes through.

Ownership Structure

Remaining partners in Mercedes F1 are Mercedes and chemicals giant Ineos, who both hold one-third of the company.

An official representative said: "We will be making no comment on the matter. The management structure of Mercedes F1 will remain unaltered, and each shareholder are fully committed to the ongoing success of Mercedes-Benz in Formula One."

Financial Growth

This arrangement would represent a substantial rise in worth of Mercedes F1 after Ineos Group acquired its share for £208m in 2022.

This surge reflects the expansion in market values of F1 teams recently as a consequence of the growing popularity of Formula 1 around the world.

This trend was evident with the success of the Formula 1 film starring Brad Pitt, which debuted in summer 2023 and has grossed over $630 million (£458m) at the box office.

It is the actor's top-grossing movie and the highest-earning sports movie to date.

Current Standings

Mercedes are runner-up in the team standings, behind McLaren Racing, with three Grands Prix remaining this season.

Their lead driver George Russell has secured victory in two of the 21 grands prix so far and is fourth in the drivers' championship behind McLaren drivers Lando Norris and Oscar Piastri, and Red Bull's Max Verstappen.

The team secured a record eight straight constructors' championships and seven driver championships, six won by Lewis Hamilton and one for Nico Rosberg, from 2014 to 2021.