{"id":103664,"date":"2023-12-12T15:12:21","date_gmt":"2023-12-12T15:12:21","guid":{"rendered":"https:\/\/crossfitshoesexpert.com\/?p=103664"},"modified":"2023-12-12T15:12:21","modified_gmt":"2023-12-12T15:12:21","slug":"f1-team-owners-considering-selling-up-as-toto-wolff-could-make-3billion","status":"publish","type":"post","link":"https:\/\/crossfitshoesexpert.com\/racing\/f1-team-owners-considering-selling-up-as-toto-wolff-could-make-3billion\/","title":{"rendered":"F1 team owners ‘considering selling up’ as Toto Wolff ‘could make \u00a33billion’"},"content":{"rendered":"

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F1\u00a0team owners like Mercedes\u2019 Toto Wolff are reportedly considering “selling up” after seeing their assets rise in value parallel to the sport’s explosion in popularity over the last few years. The demand for F1 is at an all-time high off the back of Netflix’s uber-popular “Driver to Survive” series.<\/p>\n

Nowhere has this been more prevalent than in the United States. In 2022, the average US audience size on ESPN and ABC rose by\u00a028%, from 949,000 viewers in 2021 to 1.21 million the following year.<\/p>\n

Last year’s Miami Grand Prix pulled in a remarkable 2.6m alone while numbers rose by a further 5.8% during the first half of the 2023 season to 1.26m. Multiple interested parties from around the world are knocking on the door to get involved with the booming enterprise and Sky Sports’\u00a0Craig Slater understands that some F1 teams are considering whether to sell their stakes for monstrous profit margins.<\/p>\n

\u201cOne or two well-placed insiders have told me that maybe some ownership within Formula 1 have looked at the value of their team has increased and have asked the question: has the sport peaked?\u201d Slater said on the Sky F1 podcast. \u201cMight this be not a bad time to sell out?<\/p>\n

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\u201cIf you\u2019re talking about Williams being sold for about 140 million and now being worth towards maybe even a billion pounds \u2013 never mind dollars \u2013 nowadays.<\/p>\n

\u201cIt\u2019s interesting that Andretti have tried to get in, maybe would be put off by the price tag of buying a team. Are they good value to buy right now an F1 team? Why are the big sovereign wealth funds\u2026and I suppose people are talking about [the rumours of] Aramco buying Aston Martin from Lawrence Stroll and paying top dollar for that.<\/p>\n

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