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Toto Wolff is ‘tempted' to sell Mercedes shares
Sky Sports reporter Craig Slater has heard from some 'well-placed insiders' that some shareholders of various teams in Formula 1 have started to question if the sport has 'peaked', and whether it's time to sell their share. Thanks to Netflix docuseries ‘Drive to Survive', the F1 has exploded in recent years across the pond, making the value of each team skyrocket. For example, in 2013, Mercedes team principal Toto Wolff became a one-third shareholder of the Silver Arrows, costing him 50 million. Fast forward a decade, and his stake is worth more like 3 billion now, raising the question whether it'd be a good time to sell his share, given that the sport might've hit its peak. Want to...
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1y ago from Formula1News.co.uk
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