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WOLFF categorically denies rumors about the sale of the MERCEDES team

Toto Wolff, head of the Mercedes team, says Daimler has no intention of selling the Formula 1 team and nothing will change about that.

Photo: HB Press

Although it is Mercedes signed a new agreement Concord and with that Formulas 1 committed to the year 2025, so there is talk of possible sale teams continue. It's last Eddie jordan, the former head of the Formula 1 team claimed to be their sponsor Ineos submitted an offer to purchase the team in the amount of $ 700 million.

In words Iran by should be Mercedes in Ineos very close to agreeing on the terms of this deal. “Sir Jim Ratcliffe and Ineos will take ownership of the team,”Is Jordan trusted the officer Daily Mail. "The name Ineos is already on the car anyway, they also have a technological partnership with the team, so this will be a nice way out for Mercedes. The team will be called Ineos, but will continue to be led from the Brackley plant. Mercedes, on the other hand, will retain a 30 percent stake in the team. Toto Wolff, however, will no longer be the head of the team. It became difficult for Mercedes. How can they continue to win? How can they further improve what they have achieved? They can not. Toto Wolff’s reputation as one of the greatest team bosses in the history of the sport is secure. What he has achieved at Mercedes puts him in the same league as Ron Dennis at McLaren and Jean Todt at Ferrari. But all good things end once and for all."

Toto Wolff, the head of the Mercedes team, categorically denies rumors about the sale of the silver arrow team and emphasizes that there is not a shred of truth in these.

Toto wolff however, he says there is not a shred of truth in this report. “People around pick up the pieces and use them to create a story,”The Austrian told Reuters. "Daimler has no plans to give up the team, and Ineos is not interested in buying a majority in the team, so I have no reason to resign from co-ownership on my own. There are so many things that are simply made up. The future of the team is perfectly clear. There will continue to be a Mercedes AMG Petronas F1 team and nothing will change on that." Ineos, one of the largest chemical manufacturers, joined the team earlier this year Mercedes and signed with the world champions team five-year contract in height $ 100 million.                         

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