F1 legend signs new long-term deal with Mercedes
F1 legend signs new long-term deal with Mercedes
Mercedes team principal Toto Wolff has signed a new contract extension that will see him stay in charge of the team until at least the end of the 2026 season.
Earlier this week, The Telegraph broke the news that Wolff - the Austrian mastermind behind Mercedes' unprecedented F1 dominance over the last decade - has inked a fresh deal, safeguarding his future with the Brackley squad.
This move solidifies Wolff's influence not only within Mercedes but also across the entire motorsport landscape.
Owning a significant 33 per cent stake in the team, Wolff is more than just a team boss; he's an invested architect of their success.
Since joining in 2013, his leadership has yielded a staggering eight consecutive constructors' titles, accompanied by seven drivers' championships - a testament to his strategic brilliance and relentless drive.
The new contract reflects a mutual commitment and confidence between Wolff and Mercedes. It also cements an exciting future for the team, who have recently tied down both Lewis Hamilton and George Russell to new contracts.
Toto Wolff signs contract extension
Commenting on the contract extension, Toto Wolff told The Telegraph: "I think the most important thing between the three of us is that we trust each other.
"At the end of the day, as a shareholder myself, I want the best return on investment. And the best return on investment is winning.
"I'm not going to try to hang on to a position that I think somebody is going to do better than me. I make sure that I have people around who can tell me otherwise. In the end the three of us decided: 'Let's do it again'.
"I'm part of this team in various functions," he continued.
"I'm a co-shareholder. I'm on the board. These are things which will not change whatever executive, or non-executive, role I have. But I feel good.
"The risk for me is always more bore-out than burnout. And that's why I embrace the challenges we have today, even though they sometimes feel very, very difficult to manage."
Mercedes to challenge Red Bull in 2024
Wolff's extension means that he will be around for the sweeping changes in F1 regulations that are set to come in 2026, with opportunities for teams like Mercedes to get ahead of their competitors.
The Austrian, however, is more focused on the opportunity to catch the dominant Red Bull team in the short-term.
"Always believe it’s possible," he said.
"You cannot start the season with an attitude of ‘This is not going to be possible.’ We saw last year with McLaren, what a huge step they made with a single upgrade.
"We’ve signed a two year deal with Lewis, and we owe it to him, to George and to all the team to give it our full attention in 2024 and 2025. I think it’s possible."
READ MORE: Wolff reveals DRAMATIC changes to Mercedes car for 2024
Related
Change your timezone:
Latest News
Mercedes reveal shock RED livery to celebrate historic milestone
- 10 minutes ago
Ricciardo makes five-race admission in bid to survive F1 axe
- 1 hour ago
Red Bull is 'burning' after Horner and Marko display
- 2 hours ago
Red Bull announce strong statement over Newey departure claims
- 3 hours ago
Verstappen 'to meet Mercedes over SHOCK 2025 move as Red Bull exit clause revealed'
- Today 18:57
F1 champion reveals £100 MILLION contract to keep racing
- Today 17:57
Related news
Red Bull announce strong statement over Newey departure claims
Verstappen 'to meet Mercedes over SHOCK 2025 move as Red Bull exit clause revealed'
Newey's wife 'scoping out properties' in MAJOR hint over next move
Marko reveals how Verstappen has HELPED Perez at Red Bull
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