Wolff, meanwhile, has made clear Mercedes have no intention of signing the new Concorde Agreement in its current form.
The deadline for finalising the new deal is August 12 and F1 have stated they “will not be delayed any longer”.
“We from Mercedes, we made very clear that we are happy with a more equitable split of the prize fund,” said Wolff. “The way success is rewarded and possible for everybody, we agree to.
“We are, I would say, the biggest victim in terms of prize fund loss in all of that. Ferrari has maintained an advantageous position. With Red Bull, it obviously balances out with AlphaTauri. So it’s us that are hurt the most.
“I feel that Mercedes has contributed to the sport over the last years. We have apart from being competitive on-track, we have the driver [Lewis Hamilton] that has clearly the most global appeal. We feel that whilst being in those negotiations, we weren’t treated in the way we should have been.
“Therefore there is a bunch of open topics for us that are legal, commercial, and sporting. In our point of view, I don’t feel ready to sign a Concorde Agreement.”
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