Toto Wolff has been quick to rubbish remarks made by former team owner turned pundit Eddie Jordan who suggested that Mercedes would sell their team and focus on supplying Formula 1 engines to customer teams at the end of 2018. Report here>>>
Wolff responded, “Monaco is a place where people like to party and it seems like somebody did a bit too much of that! The reports are completely baseless and reflect nothing more than the mischievous speculation of one individual.”
“Mercedes has firm contracts for its participation in Formula 1 until the end of 2020 – and is currently in discussions about the next competitive cycle with the sport’s new owners.”
The ten current Formula 1 teams are bound to the sport by the Concorde Agreement until 2020, at which point the existing deals and current power unit regulations will be up for renegotiation.