Mercedes Formula 1 team boss and co-owner Toto Wolff says he sees "no reason" the series can't keep growing amid soaring team valuations.

Wolff recently concluded the sale of 15% of his holding company to CrowdStrike CEO George Kurtz, which represents a 5% share in the Mercedes outfit Wolff co-owns with Mercedes-Benz and Ineos.

The deal saw the Mercedes F1 team's value pegged at a record $6bn – a huge return on investment for Wolff, who became a shareholder in 2013.

The valuation means Mercedes, and in its wake several rival teams, has now reached a similar sphere as Europe's most valuable football teams like Manchester United, FC Barcelona and Real Madrid.

The $6bn figure is derived from taking approximately seven times its record 2024 revenue of £636 million ($858 million). That fur

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