This too is revealed in the filings which state that "in August 2013 the company disposed of 40% of the share capital in Mercedes-Benz Grand Prix Limited to NL Holding GmbH and Motorsports Invest for consideration of £40,000,000, reducing its shareholding from 100% to 60%." Wolff had a lot of work to do. Wolff got what he wanted as his company Motorsports Invest bought a 30% stake in the team with a further 10% going to the late F1 champion Niki Lauda who became its non-executive chairman. I need to be able to develop the value of the company." In 2013 Austrian motorsport executive Toto Wolff became the boss of the Mercedes F1 team and, as he explained to us, he told Daimler: "I wouldn’t do it without being a co-shareholder because I’m an entrepreneur, that’s how I function. Mercedes paid just $175.7 million to buy its F1 team
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