TOTO WOLFF is in talks to sell a portion of his 33 per cent Mercedes stake — valuing the team at a record £4.5 billion.
It surpasses the £3.5bn cost figure indicated for last month, following a change in their ownership structure.
Toto Wolff is in talks to sell part of his stake in MercedesCredit: Shutterstock Editorial
The potential sale, to a mystery bidder, puts the value of the team at £4.5billionCredit: Getty
, 53, is expected to remain as ‘ CEO and team principal, per the Financial Times .
He has delivered seven world championships and eight constructors’ titles since joining in 2013.
Wolff, carmaker and chief Sir Jim Ratcliffe’s petrochemicals company Ineos each own a third of the team.
The new investor would be expected to take up a stake of around five per cent in the team.
The identity of that buyer, however, remains a mystery.
The £4.5bn valuation indicates a massive increase from January 2022, when Ineos paid £208m for its 33 per cent.
Chris Eubank Jr vs Conor Benn 2 - all the info
TIME for round two of this generation's family feud!
and go punch-for-punch once again as both rivals look to make their fathers proud.
The blockbuster rematch takes place at the 62,000-seater Tottenham Hotspur Stadium on Saturday, November 15.
Eubank Jr narrowly outpointed his bitter foe after 12 brutal rounds in April to secure the bragging rights in what was certainly a
And the two British superstars will dance once more as Eubank Jr aims to do the double while after suffering a first career loss.
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Mercedes said: “The governance will remain unchanged and all three partners are fully committed to the ongoing success of Mercedes-Benz in .”
Mercedes currently sits second in this season’s constructors’ championship, with Red Bull and on their heels.
McLaren were named champions with six races to spare thanks to dominant performances from drivers’ championship leaders and .
Mercedes stars and Kimi Antonelli occupy the fourth and seventh spots in the drivers’ standings respectively, thanks in part to a in the Brazilian Grand prix on Sunday.
