BREAKING NEWS: Wolff Extends Contract as Team Principle
He will also stay as CEO for at least another three years.
Mercedes have announced that current Team Principle Toto Wolff is going to continue in this role and as CEO for a further three years. The news comes as Mercedes confirmed that team partner Ineos is taking a one-third stake in the team, becoming equal shareholders with Daimler and Wolff himself.
To create three equal partners, Daimler will reduce its current 60% shareholding and Wolff will increase his current shares to 30%.
Lewis Hamilton is also expected to stay with the team and now that Toto has been confirmed to stay, it looks even more likely that they will broker a deal before the end of the year.
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