Toto Wolff is reportedly in advanced talks to sell a portion of his stake in the Mercedes Formula 1 team, a deal that would value the team at a record £4.6 billion.

• The proposed sale involves Wolff divesting approximately 5% of his one-third shareholding in Mercedes F1.
• Wolff, team principal and chief executive officer, is expected to maintain his current roles even if the sale proceeds.
• The valuation represents a significant increase since Ineos acquired its stake for £208 million in 2022, reflecting F1's growing global appeal.