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Mercedes Formula One team principal and chief executive Toto Wolff is reportedly in advanced discussions to sell part of his shareholding in the team, in a deal that values the Mercedes F1 outfit at an astonishing £4.6 billion. The valuation marks the highest ever for a Formula One team, surpassing the £3.5 billion mark set by McLaren in its recent ownership restructuring in September.

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Williams has officially confirmed a major rebrand ahead of the 2026 Formula 1 season, marking a symbolic return to its roots while embracing a new era of ambition. The team will now compete under the name Atlassian Williams F1 Team, reviving the legendary ‘Forward W’ logo that defined its golden years under founder Sir Frank Williams.

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