Toto Wolff And Jim Ratcliffe Profit Despite The Mercedes F1 Slump
Mercedes F1 Team, led by Toto Wolff, once dominated Formula 1, winning eight consecutive constructors’ championships from 2014 to 2021. However, their reign took a turn after 2021 when Red Bull’s Max Verstappen clinched the championship. Since then, Mercedes’ on-track performance has declined. £75 Million Dividend Payout for Mercedes F1 Shareholders Despite the slump in track performance, Mercedes F1 recently announced a substantial £75 million ($92 million) dividend payout to shareholders, a significant increase from the previous year’s £55 million ($67.5 million) according to a Fortune report. Heavily benefiting from this windfall are Mercedes Team Principal and CEO Toto Wolff and Jim Ratcliffe, a billionaire and Manchester United bidder, who… Continue Reading »