- Photo Credit: Mercedes Media Database

BREAKING NEWS: Wolff Extends Contract as Team Principle

He will also stay as CEO for at least another three years.

11w ago

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.

What do you think of this news? Let me know in the comments below.

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Comments (5)

  • Good. He's by far the best man for the job, currently.

      2 months ago
    • Seven Double Championships in a row seems like a pretty solid CV to me.

        2 months ago
  • Good, now sign Russel and drop Lewis, Merc will still win the championship and save a boatload of cash

      2 months ago