Mercedes boss Toto Wolff talked Lewis Hamilton and more as the team launched their adidas kit for the 2025 F1 season

Mercedes is trying to re-invent itself following the departure of Lewis Hamilton, according to team principal Toto Wolff, who says it was the right time for both parties to have a new challenge.

In F1, all teams agree to the Concorde Agreement, a commercial agreement between the organisations and Formula One Media. The terms of the deal dictate, among other things, the ‘anti-dilution fee’, which constructors aspiring to join the grid must pay to compensate for a loss of earnings for the other 10 squads.

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