Toto Wolff is in talks to sell part of his shareholding in the Mercedes F1 team, Sky Sports News understands.
Wolff, who owns a third of Mercedes F1, is in advanced discussions to sell a shareholding of around five per cent, with the Austrian expected to retain roughly 28 per cent. The 53-year-old would remain team principal and CEO if the sale goes ahead.
The proposed deal values Mercedes at £4.6bn.
Mercedes said in a statement: “We will be making no comment on 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 transaction would mark a substantial rise in value since Sir Jim Ratcliffe’s INEOS bought its stake for £208m in 2022.
Mercedes are currently second in the constructors’ standings, behind already-crowned champions McLaren, with three rounds of the 2025 season remaining. George Russell has won two of the 21 grands prix this year and sits fourth in the drivers’ championship behind McLaren’s Lando Norris and Oscar Piastri, and Red Bull’s Max Verstappen.
Mercedes dominated the turbo-hybrid era, winning a record eight consecutive constructors’ championships and seven drivers’ titles — six for Lewis Hamilton and one for Nico Rosberg — between 2014 and 2021.
Mercedes team principal Toto Wolff has played down speculation linking Red Bull’s Max Verstappen with a move to the team in 2027.
Formula 1’s thrilling title race continues with the Las Vegas Grand Prix on November 21-23, live on Sky Sports F1. Stream Sky Sports with NOW – no contract, cancel anytime.