REPORT: Toto Wolff Believes F1 Teams Are ‘Crazy’ to Consider Selling Amidst Sauber-Andretti Rumours

Recently, rumors of Andretti Autosport taking over Alfa Romeo Sauber in the future have been doing the rounds. Although running an F1 team comes with extremely high costs, owning one comes with immense prestige. Hence, some believe selling an F1 team to any buyer may seem a poor decision given the growth trajectory of the sport.

Recently, F1 journalist Michael Schmidt used to summarise his thoughts while referencing Mercedes F1 CEO Toto Wolff.

F1 journalist references Toto Wolff while speaking about potential takeover

Recently, Schmidt mentioned how Sauber face a tough situation since they need to choose between fresh funds and staying in F1. He then mentioned a chat he had with Wolff, while mentioning the benefits of staying in F1. He said, “Toto Wolff told me: whoever sells their F1 team now, must be crazy!

“The team is worth much more in one year and even more in two years. F1 is booming. They will even earn a bit more this year than in 2019, so the teams will get the full payout. Many countries are lining up to host a Grand Prix.”

#AMuS Schmidt on the Andretti / Sauber rumors:

“There is an offer on the table. Now the question is whether the owner of the Sauber racing team is happy with it or not. Toto Wolff told me: whoever sells their F1 team now, must be crazy.”

— tami. (@Vetteleclerc) October 14, 2021

Schmidt also spoke about the new era of F1 which will begin from 2022, believing it gives an opportunity to each team. “A regulation change is coming up which could give equal opportunities, budget cap, nobody knows who will win. This generates more interest, which means more money and that means the team’s worth increases. Toto Wolff says he would definitely not sell now.”

Although the 2021 season has six races to go, time is already ticking on the 2022 F1 season. Whether the takeover is imminent or simply a rumor, having Andretti join the sport could certainly change the game.

READ MORE: What Would Andretti’s Takeover of Sauber Motorsports Mean for F1 & Alfa Romeo?

Can Mercedes clinch their eighth world title in a row this year?

While the future remains uncertain, the Silver Arrows find themselves in one of their toughest championship battles in the hybrid era.

Formula One F1 – Bahrain Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – March 26, 2021 Mercedes’ Team Principal Toto Wolff with Red Bull Team Principal Christian Horner during the press conference FIA/Handout via REUTERS

Although the reigning world champions lead Red Bull by 36 points in the constructor’s championship, Lewis Hamilton trails Max Verstappen by six points in the driver’s championship. And with six races to go, this title fight looks set to be settled under the bright lights of Abu Dhabi.

Will Wolff lead the Silver Arrows to yet another championship win? Or has Christian Horner finally found the winning formula he’s been desperately searching for?

WATCH STORY: F1 Drivers on the Football Field Featuring Hamilton, Vettel & Schumacher

The post REPORT: Toto Wolff Believes F1 Teams Are ‘Crazy’ to Consider Selling Amidst Sauber-Andretti Rumours appeared first on EssentiallySports.