Sky F1 pundit links Wolff with BILLION dollar sale of Mercedes share
Sky F1 pundit links Wolff with BILLION dollar sale of Mercedes share
Sky Sports' Craig Slater has raised the possibility of Toto Wolff selling his 33% stake in Mercedes' Formula 1 team, thought to be worth billions of Euros
Slater told the Sky Sports F1 podcast recently that some people in team ownership have begun to wonder if their stakes will start to decline in value soon, with interest in the sport waning slightly after the Drive To Survive boom.
The possibility of an 11th team entering the sport could, paradoxically, be a signal that it's time for owners to sell up - as that 11th team would eat into the current 10 teams' revenue sharing agreement.
Wolff paid a middling eight-figure sum for his share in the team around a decade ago, but could earn a return in the billions if he were to sell up today - a decision which could have crossed his mind this week after controversial FIA action involving him and his wife Susie.
READ MORE: F1 Team Principals: Who are the men in charge in 2023?
Slater: It must be quite tempting [to sell]
Slater said: "One or two well-placed insiders have told me that maybe some ownership within Formula 1 have looked at the value of their team has increased and have asked the question, has the sport peaked? Might this be not a bad time to kind of sell out?
"If you're talking about Williams being sold for about £140million and now being worth towards maybe even a billion pounds, never mind dollars nowadays.
"It's interesting that [the] Andretti [family] have tried to get in, maybe would be put off by the price tag of buying a team. Are they good value to buy right now an F1 team? Why are the big sovereign wealth funds... and I suppose people are talking about [the rumours of] Aramco buying Aston Martin from Lawrence Stroll and paying top dollar for that.
"If you were Dorilton or Toto Wolff or Lawrence Stroll, who bought it via liquidation, yes, he paid off a lot of the creditors, but you’ve maybe paid a couple hundred million, or I think Toto paid 50million euros for his stake, it’s now worth three billion or whatever.
"Does that have its own incentive to sell, when in a few years you’ve made such a big gain, which is why I question, it must be quite tempting for some of these owners to maybe think about offloading it in the present climate, which is certainly benign compared to where it was a few years ago."
READ MORE: Toto Wolff: Net worth, wife and career profile of Mercedes giant
Related
Change your timezone:
Latest News
Ricciardo makes five-race admission in bid to survive F1 axe
- 48 minutes ago
Red Bull is 'burning' after Horner and Marko display
- 1 hour ago
Red Bull announce strong statement over Newey departure claims
- 2 hours ago
Verstappen 'to meet Mercedes over SHOCK 2025 move as Red Bull exit clause revealed'
- 3 hours ago
F1 champion reveals £100 MILLION contract to keep racing
- Today 17:57
F1 News Today: Newey 'property hunt' reveals Red Bull exit clues as Hamilton hints at Ferrari swoop
- Today 17:35
Related news
Wolff left FUMING with Mercedes despite amazing Hamilton lap
Hamilton to open Wolff talks at Mercedes amid Ferrari F1 move uncertainty
Brundle hits back at Wolff comments over 2024 title
Red Bull boss Horner SHUTS DOWN F1 rival Wolff's title talk
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860