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Toto Wolff is in final negotiations to offload part of his ownership stake in the Mercedes F1 outfit.

The deal estimates Mercedes at £4.6bn – an unprecedented figure for a Formula 1 squad – after McLaren were valued at £3.5bn in an adjustment to ownership structure in September.

Wolff, who holds one-third of Mercedes F1, would sell a shareholding approximately 5%.

Wolff, aged 53 will remain as team principal and CEO if the sale goes through.

Shareholder Breakdown

Remaining partners in the team are Mercedes and industrial group Ineos, who both hold a third of the company.

An official representative stated: "We are providing no comment 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 Formula One."

Valuation Growth

The deal would represent a significant increase in value of Mercedes F1 since Ineos Group acquired its stake for £208 million in 2022.

This surge reflects the growth in market values of Formula 1 outfits in the past few years due to the increasing appeal of Formula 1 globally.

This trend was evident with the box-office performance of the F1 movie starring Hollywood star Brad Pitt, which was released last summer and has grossed over $630m (£458 million) at the box office.

It is Pitt's most successful movie and the highest-earning sports movie ever released.

Current Performance

Mercedes are second in the team standings, behind McLaren, with three races remaining this season.

Mercedes' primary racer George Russell has secured victory in two of the 21 grands prix so far and is fourth in the drivers' championship behind McLaren's Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen.

Mercedes won a record eight consecutive team titles and seven drivers' titles, six for Lewis Hamilton and one by Nico Rosberg, from 2014 and 2021.