Here's your Forbes daily briefing for Saturday, November 22nd.

Today on Forbes, Formula One's most valuable teams 2025.

When the news broke last week that Toto Wolf, the billionaire team principal of the Mercedes Formula One team,

was in advance talks to sell a minority stake to billionaire crowdstrike

co-founder George Kurtz. It was the clearest sign yet that the sport has found a new

financial gear. The price in Wolf's agreement, roughly $6 billion, is a 58% jump from Forbes's

valuation two years ago,

and places Mercedes among the world's most valuable teams from any sport.

The Silver Arrows now rank higher than eight franchises from the NFL,

24 from the NBA, 28 from MLB, and all 32 in the NHL,

not to mention every European soccer team besides Real Madrid and Manchester United. And Mercedes isn't even sitting in Formula One's poll position.

That would be Ferrari, the sport's most storied team, which is worth $6.5 billion, given its unique place in the sport,

according to Forbes estimates.

Across the grid, F-1's 10 teams are all valued at $1.5 billion or more, a threshold

cleared by only four organizations two years ago, and the average valuation has revved up

to $3.6 billion, up 89% since

2023. That increase reflects the velocity in Formula One's business, with the 10-team's

revenue reaching an estimated $430 million last year and continuing a multi-year stretch with double-digit compound

annual growth rates.

Mercedes Series best $799 million in 2024 revenue ranks 10th among the world sports teams

during the equivalent season.

But the accelerating valuations have more to do with the shift in profitability since the

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