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Toto Wolff is engaged in advanced talks to offload part of his ownership stake in the Mercedes F1 outfit.

The deal values the Mercedes team at £4.6bn – an unprecedented figure for an F1 team – after the McLaren team were valued at £3.5 billion in an adjustment to corporate structure last September.

Wolff, who owns a 33% stake of Mercedes F1, plans to divest a stake approximately five percent.

The 53-year-old would stay on as team principal and chief executive officer should the deal proceed.

Ownership Breakdown

Remaining partners in the team are Mercedes-Benz and industrial group Ineos Group, who each also own one-third of the company.

An official representative stated: "We are providing no comment on this. The management structure of the team stays unchanged, and all three partners are fully committed to the ongoing success of the brand in Formula One."

Valuation Growth

This arrangement would represent a significant increase in value of the Mercedes team after Ineos bought its share for £208 million in 2022.

This surge demonstrates the growth in market values of F1 teams in the past few years due to the increasing appeal of Formula 1 around the world.

This was also seen in the box-office performance of the F1 movie featuring Brad Pitt, which debuted in summer 2023 and has grossed more than $630 million (£458 million) at the box office.

The film represents the actor's top-grossing film and the most successful sports film ever released.

Current Performance

Mercedes are runner-up in the team standings, trailing McLaren, with three Grands Prix remaining in the current championship.

Mercedes' primary racer George Russell has secured victory in 2 of the 21 grands prix so far and is in fourth place in the individual standings after McLaren's Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen.

The team won a unprecedented eight straight constructors' championships and seven drivers' titles, six won by Lewis Hamilton and one for Nico Rosberg, between 2014 to 2021.