Mercedes AMG boss Toto Wolff has said that as long as the works team wins races it will compete in Formula 1…
Toto Wolff: “As long as the team is successful – winning races and fighting for the title, even if it’s not possible to win it every year, we don’t even consider the possibility of leaving. It’s not even discussed.
In addition, the direction in which Formula 1 is developing is important to Mercedes. From 2026, 100% biofuel will be used, allowing us to develop environmentally friendly technologies.
Modern Formula 1 is very stable thanks to the successful business model of the organizers and teams. Contracts with stage promoters are concluded for a minimum of three years and for some tracks for five or even ten years. The same applies to contracts with sponsors.
The team income is understandable and predictable for many years, and the expenses are bound by budget constraints. Team business models have changed so much that we are now essentially like American sports teams – a franchise of sorts. Formula 1 teams have become profitable, this company has become profitable, which is very important.”
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
