# Motorsport: Team principal and CEO, Toto Wolff, is reportedly in talks to sell part of his stake in the Mercedes Formula One team. The deal values Mercedes at a record 104-billion-rand. He owns one-third of the team. According to reports, Wolff plans to bring an outside investor who would take a stake of about five-percent in the team, with the 53-year-old remaining in his roles. Mercedes won eight constructors’ titles in a row from 2014 to 2021 and is second in this year’s standings after 21 races.
Motorsport: Toto Wolff reportedly in talks to sell part of his stake in Mercedes F1