Mercedes: Toto Wolff set to sell stake in deal which values F1 team at £4.6bn
Other shareholders of the team are Mercedes, which owns a third of the company, and chemical giant Ineos.
A Mercedes spokesman said: “We will have no comment on this matter. The management of the team will not change and all three partners are fully committed to the continued success of Mercedes-Benz in Formula 1.”
The deal would represent a significant increase in the value of Mercedes F1, with Ineos set to buy its shares for £208 million in 2022.
This increase reflects the rise in valuations of F1 teams over the last few years as a result of the sport’s growing appeal around the world.
This was also seen in the success of the film F1, starring Brad Pitt, which was released last summer and grossed more than $630 million (£458 million) at the box office. It is Pitt’s most successful film and his most successful sports film.
While Mercedes is in second place after McLaren in the teams’ championship, there are three races left until the end of this season.
Their leader, George Russell, has won two of 21 races this year and sits fourth in the drivers’ championship behind McLaren’s Lando Norris and Oscar Piastri and Red Bull’s Max Verstappen.
The team has won eight consecutive constructors’ championships and seven drivers’ championships between 2014 and 2021, including six for Lewis Hamilton and one for Nico Rosberg.
