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Fortune

Ryan Hogg

Mercedes F1 boss Toto Wolff and Manchester United bidder Jim Ratcliffe share $92 million payout even as team’s ad value tumbles

Toto Wolff Jim Ratcliffe F1 Mercedes Lewis Hamilton Max Verstappen Red Bull Ineos

(Credit: Peter J Fox—Getty Images)

Mercedes Benz’s billionaire F1 chief Toto Wolff and fellow billionaire Man Utd bidder Jim Ratcliffe will take big cuts of the F1 team's £75 million ($92 million) dividend, despite the team’s waning on-track performance severely hurting the value of its TV coverage.

In an annual financial report filed Monday, Mercedes Benz-AMG Petronas's chief Wolff said it had confirmed the dividend to its shareholders in March. It represents a steep rise on a £55 million ($67.5 million) dividend paid out in 2022.

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