Toto Wolff is in advanced talks to sell part of his shareholding in the Mercedes Formula 1 team, with the proposed sale valuing the team at a record £4.6bn.
Toto Wolff has led Mercedes to record-breaking success in F1
Toto Wolff is in advanced talks to sell part of his shareholding in the Mercedes Formula 1 team.
The deal values Mercedes at £4.6bn - a record for an F1 team - after McLaren were valued at £3.5bn in a change of ownership structure in September.
Wolff, who owns one-third of Mercedes F1, would sell a shareholding in the region of 5%.
The 53-year-old would stay on as team principal and chief executive officer if the sale goes through.
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