Toto Wolff, CEO and team principal of Mercedes-AMG Petronas F1 Team, is reportedly selling a portion of his one-third stake in the team. The deal, expected to value Mercedes F1 at a record $6 billion, would mark the highest valuation ever for a Formula One team.
Inside Toto Wolff’s Strategic Stake Sale Amid F1’s Soaring Valuations
In a landmark move for Formula One’s commercial evolution, Toto Wolff is in advanced discussions to sell a mid-single-digit percentage of his 33% stake in Mercedes-AMG Petronas Formula One Team. The transaction, reportedly involving CrowdStrike CEO George Kurtz, would value the team at approximately £4.6 billion ($6 billion), setting a new benchmark in motorsport valuations.
Key Highlights:
- Wolff will continue as team principal and CEO, maintaining operational leadership.
- The buyer is not officially confirmed, though George Kurtz is widely speculated to be involved.
- This valuation surpasses McLaren’s £3.5 billion mark set in September 2023.
- Mercedes F1’s valuation has surged nearly sevenfold since INEOS joined as a partner in 2020.
- Ownership structure remains unchanged: Mercedes-Benz, INEOS, and Wolff will retain equal one-third stakes.
This development underscores Formula One’s growing appeal among global investors and its transformation into a high-value commercial sport.
Sources: Sportico, BBC Sport, The Telegraph, Shropshire Star, Yahoo Sports, The Independent, Economic Times.