Toto Wolff will remain in F1 as Team Principal of Mercedes.
(Translated from German)
"Abu Dhabi (AP) - Toto Wolff remains team boss of the world champion racing team Mercedes. 'Yes, I'll stay in Formula 1. Even as a team boss,' said the 48-year-old in an interview with the 'Süddeutsche Zeitung.'
The contract with Daimler would have expired at the end of the year and Wolff said he had also thought about cutting back. In the almost eight years in Formula 1, he had little time to regenerate and little time with the family on this 360-day job.
Due to the corona pandemic, he was able to reflect in peace. 'But in the end I came to the decision that there is no work-life balance for me. Actually, everything is life for me. I enjoy running this company and I share my passion for motorsport with my wife,' said the former racing driver.
Wolff assumes that there will be an upper salary limit for drivers in Formula 1 in the future. 'The salary cap will definitely come,' emphasized the Austrian. This structure has existed in the US leagues for ten years. This stopped the billionaires' 'who pays the other more' competition and capped salaries at an admittedly very high level. 'This made the companies profitable,' said Wolff and added: 'This is how the whole circus stays alive. You can't ask that investors get into Formula 1 and stay if they have to subsidize their team every year.'
Before the last Formula 1 race of the season in Abu Dhabi this weekend, it was already clear that British Mercedes driver Lewis Hamilton had won his seventh world title as did the Mercedes team."