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Mercedes team principal Toto Wolff is in advanced talks to offload part of his shareholding in the Mercedes F1 outfit.

The deal estimates Mercedes at £4.6bn – an unprecedented figure for an F1 team – after the McLaren team was appraised at £3.5bn in an adjustment to corporate structure in September.

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

Wolff, aged 53 would stay on as team boss and chief executive officer should the deal proceed.

Shareholder Breakdown

Remaining partners in the team are Mercedes-Benz and chemicals giant Ineos, who both hold one-third of the company.

An official representative stated: "We are providing no official statement on the matter. The management structure of the team will remain unaltered, and all three partners are dedicated to the ongoing success of the brand in F1."

Financial Increase

This arrangement signifies a substantial rise in value of Mercedes F1 after Ineos acquired its stake for £208m in 2022.

This surge demonstrates the growth in valuations of F1 teams in the past few years as a consequence of the growing popularity of Formula 1 globally.

This trend was evident with the success of the Formula 1 film featuring Hollywood star Brad Pitt, which was released last summer and has grossed over $630 million (£458 million) at the box office.

The film represents Pitt's most successful movie and the highest-earning sports film ever released.

Current Standings

Mercedes are second in the constructors' championship, trailing McLaren Racing, with three races left this season.

Their lead driver British driver George Russell has won 2 of the 21 races this year and is fourth in the individual standings behind McLaren's Lando Norris and Oscar Piastri, and Red Bull's Max Verstappen.

Mercedes won a unprecedented eight consecutive team titles and seven drivers' titles, six for Lewis Hamilton and one for Nico Rosberg, between 2014 to 2021.