Mercedes accuse the FIA of sending out sudden statements incriminating Toto Wolff with no prior communication

Mercedes have spoken out on the FIA's surprise declaration that Toto Wolff and his wife would be under investigation.


Mercedes accuse the FIA of sending out sudden statements incriminating Toto Wolff with no prior communication

The Formula 1 world is currently ripe with discussion centered around Mercedes supremo Toto Wolff and his wife Susie Wolff. Austrian former banker Toto has seen a phenomenal rise in his career curve as he was an ordinary investment company owner during his thirties and by his mid-40s, he became a share-holder of Mercedes. As the proud owner of a massive 33% stake at one of the top teams in Formula 1, Wolff currently enjoys a net valuation of $1.6 billions.

With a joint net worth perhaps exceeding a couple billions, Toto Wolff and Susie Wolff are often called the power couple of the world of motorsports. But now, trouble has rained down upon both of them as some serious allegations claim the Wolffs have been privy of information about the Formula One Management that should not have left their inner quarters. Hence, a conflict of interest has arisen as both Toto and Susie are employees under the wing of the FOM.

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As a result of the recent developments in the case, the FIA released a statement addressed to the public. It said that their Compliance departmenr would place both the Wolffs under investigation for breach of interest. The Mercedes official Instagram handle then showed the team’s statement addressing the huge allegations against their Boss Toto Wolff.

The Team has received no communication from the FIA Compliance Department on this topic and it was highly surprising to learn of the investigation through a media statement.
Mercedes said on their official social media handles.

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The Mercedes statement said, as on Instagram.

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Mercedes wish to reject the allegations against Toto Wolff having insider information

Over the last couple of days, some incendiary information have come up. Started off by a report by BusinessF1, the discussions suggest that Toto Wolff has knowledge of the confidential talks that should not travel beyond the trusted members of the Formula One Management. And since Wolff is the Team Principal of a team that participates in F1 and Susie is also the Head of the F1 Academy under F1, they are liable for an investigation by the FIA.

The Mercedes racecar for 2023

But in their statement, Mercedes have clearly mentioned that they reject the allegations placed against Toto and Susie.

We wholly reject the allegation in the statement and associated media coverage, which wrongly impinges on the integrity and compliance of our Team Principal.

In other news, Mercedes are targeting for aajor comeback next year once they nail their car design. Speaking of this, Toto Wolff said the team would be following a conventional route this time around. It remains to be seen whether Mercedes’ approach pays off.

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