In the near future, Toto Wolff will remain head of the Mercedes team – in an interview with The Telegraph he confirmed that his contract has been extended for another three years.
Wolff owns a third of the shares of the Stuttgart group’s factory team, with the remaining shares divided equally between Mercedes-Benz Group AG and the British company Ineos. Together with Ineos chief Sir Jim Ratcliffe and Mercedes chairman Ola Källenius, they decided that it would be in Wolff’s best interests to continue leading the team.
“We trust each other, and I think that’s the most important thing in the relationship between our three parties,” Wolff said. – Ultimately, I am also a shareholder of the team and I am also interested in the return on the investment. And the best way to get a return on your investment is to win.
I’m not going to stay in this position if I realize there’s someone who can do the job better than me. I try to make sure there are people around me who can tell me this. Ultimately, the three of us decided to continue working.
I fulfill various functions within the team. I am co-owner and sit on the board of directors. This won’t change no matter what role I play. I have a good attitude, and the risk is always more related to me getting bored with this job than professional burnout. That is why I am willing to accept the challenges we face today, even if they are sometimes very difficult to deal with.”
Toto Wolff also explained that in his new contract with Mercedes there are no conditions that require the team to achieve specific results: “Such clauses are never in my contracts. You either trust each other or you don’t trust each other. And we, as shareholders, act together.”
In the period from 2014 to 2021. Mercedes won the constructors’ championship eight times, but with the transition of Formula 1 to a new generation of cars, the period of its dominance came to an end and now Red Bull Racing is setting the tone again the World Championship, as before 2013. Therefore, the task of the factory team of the Stuttgart concern is at least to narrow the gap with the leaders, and even better, to return to the previous winning level.
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.
