Toto Wolff is in talks to sell part of his shareholding in the Mercedes F1 team, Sky Sports News understands.

Wolff owns a third of Mercedes F1 and is in advanced discussions to sell a shareholding off around five per cent with the Austrian to retain around 28 per cent.

The 53-year-old would remain as Mercedes team principal and CEO if the sale goes through.

The deal values Mercedes at £4.6bn.

Mercedes said in a statement: "We will be making no comment on this.

"The governance of the team will remain unchanged, and all three partners [Mercedes-Benz, Toto and INEOS] are fully committed to the ongoing success of Mercedes-Benz in Formula 1."

The deal would represent a significant increase in value of Mercedes F1 since Sir Jim Ratcliffe's Ineos bought its stake for £208m in 2022.

Merc

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