Toto Wolff is in final negotiations to sell part of his shareholding in the Mercedes Formula 1 team.
This transaction estimates Mercedes at £4.6 billion – a record for a Formula 1 squad – following McLaren was appraised at £3.5bn in a change of ownership structure in September.
The Austrian executive, who owns a 33% stake of Mercedes F1, plans to divest a shareholding in the region of 5%.
The 53-year-old would stay on as team principal and CEO should the deal proceed.
Ownership Structure
Remaining partners in the team are Mercedes and industrial group Ineos, who each also own a third of the enterprise.
An official representative said: "We will be making no comment on this. The management structure of the team stays unchanged, and each shareholder are fully committed to the ongoing success of the brand in F1."
Valuation Growth
This arrangement signifies a substantial rise in worth of the Mercedes team since Ineos Group acquired its share for £208m in 2022.
This surge demonstrates the growth in market values of F1 teams recently due to the increasing appeal of Formula 1 around the world.
This trend was evident with the box-office performance of the Formula 1 film starring Brad Pitt, which was released last summer and earned over $630m (£458 million) at the box office.
It is the actor's top-grossing movie and the highest-earning sports film ever released.
Present Standings
The Mercedes team are second in the team standings, trailing McLaren Racing, with three Grands Prix left in the current championship.
Mercedes' primary racer George Russell has won two of the 21 grands prix so far and is fourth in the individual standings after McLaren drivers Lando Norris and Oscar Piastri, and Red Bull Racing's Max Verstappen.
The team secured a record eight straight constructors' championships and seven driver championships, six won by Lewis Hamilton and one for Nico Rosberg, from 2014 to 2021.
