City A.M.
Wolff Mercedes stake sale will have impact on value of Formula 1
The valuation placed on Formula 1 team Mercedes after co-owner Toto Wolff’s interest in reducing his stake will have a welcome impact on the overall worth of the sport, experts have suggested.
Wolff co-owns the outfit – officially titled Mercedes AMG Petronas F1 Team – equally with the eponymous German car manufacturer and Ineos billionaire Sir Jim Ratcliffe, but is exploring a sale of around 5 per cent to CrowdStrike co-founder and chief – and Le Mans racer – George Kurtz.
The deal would value the eight-time Formula 1 constructors’ champions at £4.7bn just months after a series of minority stake buy-outs in McLaren valued the reigning team champions at £3.5bn.
“The Team and the sport as a whole will, however, welcome
Political Wire
Crooks and Liars
Newsweek Top
Los Angeles Times Environment