Mercedes team principal Toto Wolff has asserted he has “no plan” to leave his role within the organisation despite diluting his joint ownership.
Wolff recently sold 15 per cent in the holding company that owns his Mercedes stake to George Kurtz, CEO and founder of CrowdStrike.
The American cybersecurity platform is a major partner of the Mercedes F1 squad, with Kurtz now holding around a five per cent stake in the team.
However, Wolff declared his decision is not a view towards a larger sale in the future, insisting he is still relishing his Mercedes F1 responsibilities.
"I have no plan to sell the team or no plan to leave my role,” Wolff told media including RacingNews365.
"I'm actually in a good space and I'm enjoying it. And as long as I feel I'm contributing and others feel that I'm contributing, there's no reason to think in that direction.
"What I did is in my investment holding, I sold some shares to George, who is a racer, who is a tech entrepreneur, who is someone that is going to help us leverage the US market.
“That was the reason behind it, nothing else."
Wolff joined Mercedes in 2013 and oversaw Mercedes' highly successful stint in the turbo hybrid era, which saw it win seven drivers' and eight constructors' championships.
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Toto Wolff shocked by valuation of F1 teams
Wolff's stake sale valued the Mercedes F1 team at $6 billion, marking a rise of 58% over the past two years, according to Forbes.
Mercedes is currently the second most valuable team in the sport, conceding ranking only to Ferrari.
The value of all F1 teams has skyrocketed in recent years following Liberty Media's takeover of the sport's commercial rights, leaving Wolff stunned by how rapidly the figures have grown.
"If someone would have told us five years ago what the valuations would be, we would have never believed it," Wolff stated.
"But it's a simple extrapolation of the profitability of the teams. Because of the cost cap, our business case changed fundamentally rather than outspending each other with no matter what.
"We were able to increase the revenues and increase the free cash flows. And that put on the multiples that the industry has led us to these valuations.
“Now, when you look at the US-American teams, the Dallas Cowboys five years ago were $3 billion. Today, they are $12 billion because of the underlying figures that have changed. And that's why I don't know where the future leads us.
"If we continue trying to understand what makes a sport enjoyable and entertaining and putting up a great show, then there is no reason that the sport can't continue to grow as it is.”
“The most important [thing] is we need to look after our sport in the right way.”
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