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Toto Wolff is engaged in advanced talks to sell a portion of his shareholding in the Mercedes F1 outfit.

This transaction estimates the Mercedes team at £4.6bn – an unprecedented figure for a Formula 1 squad – after McLaren was appraised at £3.5bn in a change of corporate structure last September.

The Austrian executive, who holds a 33% stake of Mercedes F1, would sell a shareholding in the region of 5%.

Wolff, aged 53 will remain as team boss and CEO if the sale goes through.

Shareholder Structure

Remaining partners in the team are Mercedes and industrial group Ineos, who both hold one-third of the company.

A Mercedes spokesperson said: "We are providing no comment on this. The management structure of Mercedes F1 stays unaltered, and all three partners are dedicated to the ongoing success of Mercedes-Benz in F1."

Financial Growth

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

This surge demonstrates the growth in valuations of Formula 1 outfits recently as a consequence of the increasing appeal of Formula 1 around the world.

This was also seen in the success of the F1 movie starring Hollywood star Brad Pitt, which was released last summer and has grossed more than $630m (£458 million) at the box office.

It is the actor's top-grossing film and the most successful sports film to date.

Present Standings

The Mercedes team are second in the constructors' championship, behind McLaren, with three races left this season.

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

Mercedes secured a record eight consecutive constructors' championships and seven drivers' titles, six won by Lewis Hamilton and one by Nico Rosberg, between 2014 and 2021.