© Steve Etherington for Mercedes-Benz Grand Prix Ltd.
Mercedes team boss Toto Wolff reveals that originally his first deal with Mercedes was intended to only last for three years.
Toto Wolff joined Mercedes in 2013, before assuming total control of the team a year later. What followed is an unprecedented run of success – the team won eight consecutive constructors’ and seven consecutive drivers’ titles.
It’s now almost impossible to imagine the modern Mercedes F1 team without Toto, but he reveals at first his deal with the team was supposed to be short-term.
“It was clear I am signing a three-year contract,” Wolff told The Times.
“I am team principal and 30 percent shareholder and when the project is done, I shall sell the shares back to Mercedes. That was agreed.”
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However, after the success the team started having, his initial deal was extended.
“After three years, it was good fun, everyone enjoyed the success, so we rolled it into another three years. But it was still a project.”
Ultimately, Wolff says in 2020 he decided he wanted to remain with the team for the long run.
“I came to the conclusion that this is what I like to do. I like the sporting side, and I love the business side,” he concluded.
