Team boss and CEO Wolff (53) owns one third of the shares in the German-English team. The other two parts are owned by Mercedes-Benz and Jim Ratcliffe’s INEOS, who also has a significant share in the English football club Manchester United.
‘Superman’ Max Verstappen is again talking about abroad after ‘historic’ F1 catch-up race in Brazil: ‘He drove like a god’
Table of Contents
- ‘Superman’ Max Verstappen is again talking about abroad after ‘historic’ F1 catch-up race in Brazil: ‘He drove like a god’
- F1 racing team McLaren is fully owned by funds from Bahrain and Abu Dhabi
- Red Bull is sometimes difficult to measure, but the constant factor Max Verstappen and his team are still sending a clear signal in Brazil
The value of the Mercedes F1 team has risen exceptionally in recent years and is now estimated at 5.2 billion euros. For comparison: when INEOS bought 33 percent of the shares three years ago, it reportedly paid ‘only’ 236 million euros for it. It is a result of the enormous, commercial increased value of the sport.
F1 racing team McLaren is fully owned by funds from Bahrain and Abu Dhabi
What does Mercedes say?
According to the Financial Times Wolff – who would already have become a billionaire in 2023 – would like to sell 5 percent of his share package to George Kurtz, the CEO of computer security company CrowdStrike, which is already a sponsor of the racing team.
Mercedes said in a response: “We will not make any statements about this. The management of the team remains unchanged and all three partners (Mercedes-Benz, Toto and INEOS) are fully committed to the continued success of Mercedes-Benz in Formula 1.”
