News Details
Toto Wolff contemplates selling stake in Mercedes F1 Team
Toto Wolff has become nearly synonymous with the Mercedes Formula One project since he invested in the organisation and assumed the role of team principal back in 2013. However, with his 33 per cent stake in the team now valued at an estimated £1 billion ($1.26 billion), the time may have come for the Austrian to consider stepping away and selling up. The 52-year-old joined Mercedes over a decade ago, relinquishing his shares in F1 rivals Williams to become a director at the Silver Arrows. Wolff parted with a substantial eight-figure sum to acquire his stake in the team, and that investment has since propelled his personal net worth into the billions. READ: Eddie Jordan and David...
Full Story »
Full Story »
7mo ago from Formula1News.co.uk
0
You May Also Be Interested In...
Wolff: Mercedes must be ‘realistic' on beating...
Mercedes Team Principal and CEO Toto Wolff admits that 'we hate losing,...
7mo ago from MotorsportWeek.com
Wolff reassures Mercedes fans: 'I will always remain...
In the off-season, Mercedes' focus was on developing an entirely new...
7mo ago from GPBlog.com
Hamilton: We’ve found our North Star with the...
Lewis Hamilton is happy with the design philosophy of Mercedes' 2024...
7mo ago from GrandPrix247.com
Jordan casts doubt on Russell’s suitability to lead...
Ex-Formula 1 team owner Eddie Jordan has cast doubt on George Russell’s...
7mo ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Acosta: “I’m not going to accept that Ducati is...
No description available...
4h ago from Motorsport.com
Quartararo: “Unacceptable” to run out of fuel...
No description available...
2h ago from Motorsport.com
Francesco Bagnaia wins Japan MotoGP to turn up title...
t;li>Italian seals sprint race and grand prix double in...
6h ago from TheGuardian.com
MotoGP Japanese GP: Bagnaia slashes Martin's lead with...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay now free agent for 2025 after confirming...
No description available...
1w ago from Motorsport.com
How Palou cemented his growing legend in IndyCar title...
No description available...
2d ago from Motorsport.com
Alex Palou’s greatness is in a league of its own
No description available...
2d ago from Motorsport.com
Jamie Chadwick completes ‘incredible’ maiden...
Jamie Chadwick completed her first NTT IndyCar Series test earlier this...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rovanpera "recharged" and ready for 2025 WRC...
No description available...
5h ago from Motorsport.com
WRC rising star has “zero idea” over future after...
No description available...
2d ago from Motorsport.com
Toyota encouraged for future after Pajari’s WRC...
No description available...
3d ago from Motorsport.com
Alonso: Third F1 title my "only priority",...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
'One of the best' – Gabriel Martinelli hails...
Gabriel Martinelli has hailed Arsenal teammate Bukayo Saka as ‘one...
33m ago from CaughtOffside.com
Kai Havertz injury: Germany confirm Arsenal forward...
Germany name their 23-man squad for two upcoming international matches in...
2h ago from SportsMole.co.uk
Arsenal injury scare as in-form player to be...
Arsenal have been dealt some worrying injury news as Kai Havertz is set to...
1h ago from CaughtOffside.com
Arsenal star Kai Havertz set to miss international...
No description available...
13m ago from SportsKeeda.com
Comments
Hottest News
F1: Cadillac to go it alone?
Veteran motorsport journalist suggests that... Read More »
1h ago from Pitpass.com
F1 News Today: Hamilton fans FUME as F1 star celebrates...
Lewis Hamilton has been snubbed by a Formula 1... Read More »
9h ago from GPFans.com
Is the Red Bull wind tunnel causing team's problems?...
In 2023, Red Bull Racing achieved an absolutely... Read More »
53m ago from GPBlog.com
