Daimler not selling more of F1 team

Toto Wolff has played down concerns that Mercedes parent Daimler has put the Brackley based team up for sale. In Mercedes’ words, it meant the ultra-successful team “will be owned in three equal parts by Daimler AG, Ineos and Toto Wolff”. However, there was some confusion after Daimler’s newly-released financial results for Q1 stated that the Formula 1 team was in fact being “held for sale”. But team boss and co-owner Wolff confirmed that it is simply a reference to the three-way team ownership structure, which is still being organised. “That refers to the sale of 33 percent to Ineos and some percentages to me.

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