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The Independent UK
The Independent UK
Sport
Mark Walker

Toto Wolff to ‘sell part of Mercedes stake’ valuing team at record £4.6bn

Toto Wolff Mercedes F1 Ineos McLaren MercedesBenz

Mercedes’ Formula One boss Toto Wolff is reportedly close to selling part of his 33 per cent stake in a deal that would value the team at around £4.6bn.

Wolff, who will remain in his roles as chief executive officer and team principal, is reportedly in advanced talks with an unknown buyer for the sale of “a mid-single-digit stake” in his holding company, which owns the shares.

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