Mercedes team principal Toto Wolff has rejected a report claiming the Formula 1 team will be sold to sponsor Ineos.
However Wolff said claims the relationship between the two will lead to the team’s takeover by Ineos are incorrect.
“People pick up bits and pieces and construct the story around it,” he said. “We have a magnificent relationship with Ineos. We work together on several high-tech projects around the America’s Cup and the cycling team. And the partnership is very complementary.
“We have the same ambitions with our sports teams. And that’s why Ineos is a partner of ours. Beyond that, everything is just speculation.
“Daimler has no intent in giving up the team, and Ineos has no interest in buying a majority of the team and calling it like this and I have no reason to depart from my shareholding. So plenty of things that are made up.”
Wolff insisted “the future of the team is absolutely clear: It’s the Mercedes Petronas AMG team and nothing is going to change that.”
While Mercedes has confirmed its commitment to remain in Formula 1 beyond the end of this season, both Wolff and star driver Lewis Hamilton are yet to announce their plans for next year. According to Wolff, now that an intense spell of nine races in 11 weeks has concluded, the pair will soon find time to agree terms for Hamilton to drive for the team next year.
“In terms of Lewis, the wider discussions why we never find the time for the discussions between Lewis and myself is because we simply had three triple-headers one after the other and now it’s just about sitting down and hammering it out,” he said.
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