REPORT: Toto Wolff Believes F1 Teams Are ‘Crazy’ to Consider Selling Amidst Sauber-Andretti Rumours

Published 10/14/2021, 2:45 PM EDT
Formula One F1 – Dutch Grand Prix – Circuit Zandvoort, Zandvoort, Netherlands – September 5, 2021 Mercedes Team Principal Toto Wolff arrives at the circuit REUTERS/Benoit Tessier


Recently, rumors of Andretti Autosport taking over Alfa Romeo Sauber in the future have been doing the rounds. Although running an F1 team comes with extremely high costs, owning one comes with immense prestige. Hence, some believe selling an F1 team to any buyer may seem a poor decision given the growth trajectory of the sport.

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Recently, F1 journalist Michael Schmidt used to summarise his thoughts while referencing Mercedes F1 CEO Toto Wolff.

F1 journalist references Toto Wolff while speaking about potential takeover

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Recently, Schmidt mentioned how Sauber face a tough situation since they need to choose between fresh funds and staying in F1. He then mentioned a chat he had with Wolff, while mentioning the benefits of staying in F1. He said, “Toto Wolff told me: whoever sells their F1 team now, must be crazy!

“The team is worth much more in one year and even more in two years. F1 is booming. They will even earn a bit more this year than in 2019, so the teams will get the full payout. Many countries are lining up to host a Grand Prix.”

Schmidt also spoke about the new era of F1 which will begin from 2022, believing it gives an opportunity to each team. “A regulation change is coming up which could give equal opportunities, budget cap, nobody knows who will win. This generates more interest, which means more money and that means the team’s worth increases. Toto Wolff says he would definitely not sell now.”

Although the 2021 season has six races to go, time is already ticking on the 2022 F1 season. Whether the takeover is imminent or simply a rumor, having Andretti join the sport could certainly change the game.

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Formula One F1 – Bahrain Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – March 26, 2021 Mercedes’ Team Principal Toto Wolff with Red Bull Team Principal Christian Horner during the press conference FIA/Handout via REUTERS

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Sanket Nair

809 articles

Sanket Nair is an F1 & US Sports Author at EssentiallySports. He began following F1 since 2010, which made him an instant Sebastian Vettel fan. His favorite tracks on the calendar include Spa-Francorchamps, Monaco and Monza.

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