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Mercedes team principal Toto Wolff is in final negotiations to sell a portion of his shareholding in the Mercedes F1 outfit.

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

The Austrian executive, who owns one-third of the Mercedes F1 operation, plans to divest a stake approximately 5%.

Wolff, aged 53 would stay on as team boss and CEO if the sale goes through.

Ownership Structure

Remaining partners in Mercedes F1 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 Mercedes F1 will remain unaltered, and all three partners are fully committed to continued achievements of the brand in F1."

Valuation Increase

This arrangement signifies a substantial rise in worth of the Mercedes team since Ineos Group acquired its share for £208m in 2022.

This surge reflects the expansion in valuations of F1 teams in the past few years as a consequence of the growing popularity of the sport globally.

This trend was evident with the box-office performance of the F1 movie featuring Brad Pitt, which was released last summer and earned over $630 million (£458m) at the box office.

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

Present Performance

The Mercedes team are runner-up in the constructors' championship, behind McLaren Racing, with three Grands Prix left this season.

Mercedes' primary racer George Russell has won two of the 21 grands prix this year and is in fourth place in the drivers' championship behind McLaren's Lando Norris and Oscar Piastri, and Red Bull's Max Verstappen.

Mercedes secured a unprecedented eight consecutive team titles and seven drivers' titles, six won by Lewis Hamilton and one for Nico Rosberg, from 2014 and 2021.