Mercedes CEO and team principal Toto Wolff addressed his stake sale to CrowdStrike CEO George Kurtz, which has valued the Brackley outfit at £4.6billion.

The valuation has placed the Mercedes Formula 1 team in the top five most valuable sports teams.

“I think it shows a good development because the teams have become sustainable and profitable," Wolff told Sky Sports F1 in Las Vegas.

"It’s not just some valuation that has been taken out of the sky. When you look at our revenues and our cash flows, we are among the five, maybe three most profitable sports teams in the world, and this is where the valuations come from.

“It has been the work of many years and the sport being in a good place.”

Wolff sold a 15% stake in his holding company. As the team chief owns a third of the Mercedes

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