Given exclusive information by Sky Sports F1 analyst; Toto Wolff is predicted to sell his Mercedes investment.
Toto Wolff has suggested selling his stake in Mercedes, 10 years after he first took a stake in the Formula 1 team following a deal with Williams.
Sky Sports Formula 1 pundit Craig Slater has questioned whether Toto Wolff should sell his stake in Mercedes given how much his ownership has grown in recent years.
The success of Netflix’s Drive to Survive has helped boost interest in the sport, and demand for F1 could reach an all-time high with a record 24 races scheduled for the 2024 season. There are rumors that several interested parties are looking to enter the field.
This means that investors who have bought shares in the F1 team over the years have seen a significant increase in value, including Wolff’s rise. According to pundit Sky Slater, Wolf bought a stake in Mercedes for €50 million, which is now worth over €3 billion. After becoming CEO in 2013, Wolff acquired a 30% stake in Mercedes-Benz Grand Prix Ltd. “One or two good people have told me that some F1 owners are looking at the value of their teams and asking: has the sport reached its peak?” Slater on the Sky Sports F1 podcast. . “Isn’t this a good time to sell?” “If we were to say Williams sold for around £140m, he would be worth £1billion today, let alone in today’s dollars.
“What’s interesting is that the Andretti [family] tried to join. Perhaps he was hindered by the cost of buying the team. Is it a good price to buy an F1 team now? Why are sovereign wealth funds so big? People seem to be talking about the rumor that Aramco will acquire Lawrence Stroll’s Aston Martin and pay top dollar for it.
“If it was Dorilton or Toto Wolff or Laurence Stroll who bought him in liquidation then yes he paid a lot of creditors but you paid a few hundred million or I think Toto paid €50 million on his debts …” The stake is now worth about $3 billion. “When you’ve made such high profits over a number of years, is there an inherent incentive to want to sell it? I think it might be interesting for some of these owners to consider selling it now.” “The climate has improved a lot compared to a few years ago.”
Mercedes finished second in the 2023 Constructors’ Championship, three points ahead of third-placed Ferrari. However, Mercedes put the 451 behind the leader Red Bull.
