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Toto Wolff Spills Details About His Meeting With FIA President At British GP

Giancarlo Perlas July 15, 2023
Toto Wolff and Mohammed Ben Sulayem
Toto Wolff confirmed that he met with FIA President Mohammed Ben Sulayem earlier. (Image Source: PlanetF1.com)

Mercedes boss Toto Wolff confirmed that he met with FIA President Mohammed Ben Sulayem behind closed doors during the British Grand Prix weekend. Speculation immediately arose as to the nature of their discussions, with the highly influential figures engaging in deep conversation on the top floor of the FIA hospital motorhome.

The Future of Formula 1 and the New Concorde Agreement

According to a report, one of the main subjects discussed by Wolff and Ben Sulayem was the overall state of Formula 1 and the impending new Concorde Agreement set to take effect in 2026. As teams and stakeholders prepare for this significant shift in the sport’s governance, the meeting provided an opportunity to exchange thoughts and concerns. Both parties acknowledged the need for open dialogue and collaboration to ensure a positive future for the sport.

Rebuilding Connections and Addressing Concerns

Aside from the formal agenda, Wolff highlighted that their meeting was also a chance to reconnect on a personal level, as the two had not seen each other for some time. While the exact details of their conversation remained undisclosed, it is evident that they engaged in a cordial exchange on various matters relevant to the sport.

Negotiating the Anti-Dilution Fund and New Entries

Another topic of interest was the anti-dilution fund, currently set at $200 million, which aims to protect the existing teams in the face of potential new entries. Wolff expressed the view that this figure should be significantly increased, considering the growing interest from prospective teams to join the grid. Nevertheless, he emphasized that despite differing public statements, there is a shared commitment among the FIA, Formula 1, and the teams to work together and move in a unified direction.

Another angle showing the meeting between Toto Wolff and Mohammed Ben Sulayem.
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About Author

Giancarlo Perlas

Giancarlo Perlas is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations, particularly in the blockchain and cryptocurrency sectors. Alongside his civic and corporate pursuits is his love for cars, particularly those made by Mercedes-Benz. In 2012, he found himself with like-minded individuals within BenzInsider. From then on, he used the platform as a way to share his passion with the automotive community. Follow his Facebook page at https://www.facebook.com/benzinsider, X (formerly Twitter) @giancarloperlas, and IG @benzinsider. View all posts by Giancarlo Perlas →

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