Wolff is in talks to sell part of his stake in Mercedes.
Toto Wolff is negotiating the sale of part of his stake in the Mercedes team. This was reported by business-sports publication Sportico, citing several sources familiar with the situation.
At the moment Toto Wolff owns 33% of the team's shares, the value of which is estimated at $6 billion. An unnamed buyer plans to acquire about 10% of the shares by investing in Toto Wolff's company, which owns the shares.
When asked to comment on the possible deal, the team's press office gave a brief answer: "We will not comment on this. The team's management will remain unchanged, and all three partners (Mercedes‑Benz, Toto and INEOS) are fully committed to Mercedes' continued success in Formula 1."
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Wolff is in talks to sell part of his stake in Mercedes.
Toto Wolff is negotiating the sale of part of his stake in the Mercedes team.
