Toto Wolffe Confirms That Mercedes Is Not Promoting Out To Ineos 

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Ineos Makes 700 Million Euro Bid For A Majority Stake In Mercedes F1: Report

Toto Wolffe even stated that Daimler has no intention of promoting the staff whereas the Ineos has no intention of shopping for it.





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Mercedes-AMG is more likely to let Lewis Hamilton go

The wild hearsay of the Mercedes F1 staff getting taken over by sponsor Ineos has been debunked by Toto Wolffe, the staff principal and shareholder of the staff. This comes on the backdrop of a daily mail report which quoted Eddie Jordan who believed that Ineos was going to take over the Mercedes staff for 700 million euros and rebrand it with Wolffe leaving the outfit. 

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The Mercedes staff is probably the most profitable F1 staff of the final decade

“Hundred per cent of the way you worded it, the way forward for the staff is completely clear. It is the Mercedes-AMG Petronas F1 staff. And nothing goes to alter that,” stated Toto Wolffe to motorsport.com. “You already know folks choose up bits and items and assemble the story round it,” he stated elaborating on the feedback by Eddie Jordan. 

Wolffe went on the say that Ineos and Mercedes have an ideal relationship which extends to even the America’s Cup and the biking staff. He even stated that the partnership was very complimentary however specified that Daimler has no intention of promoting the staff whereas the Ineos has no intention of shopping for it.

 “And I’ve no cause to depart from my shareholding. So, loads of issues which can be made up,” he clarified about his future with the staff. 

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Mercedes is extensively anticipated to let Lewis Hamilton go

On the difficulty of Lewis Hamilton’s contract not being closed, Wolffe cited the triple headers as the explanation for not discovering the time to shut the negotiations. 

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Wolffe can also be an investor within the Aston Martin F1 venture and lots of believed that he would depart Mercedes to go the brand new venture, however he specified that he’s a minor investor within the venture. 

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