F1 is currently in discussions with all 10 teams over a new set of commercial terms that are set to replace the existing Concorde Agreement, which expires at the end of this year.
F1 owner Liberty Media has been pushing for a more equitable distribution of revenue under the new terms in a bid to make the sport fairer and more sustainable as part of the talks.
A number of F1 teams have already confirmed they are ready to sign the terms for the new agreement, including Ferrari and McLaren.
An August 12 deadline has been set for teams to sign the new Concorde Agreement, as set by F1.
But Mercedes F1 chief Wolff said the team was not willing to put pen to paper on the terms that are currently proposed, and expressed his frustration with Mercedes’ treatment in the talks .
“We from Mercedes, we made very clear that we are happy with a more equitable split of the prize fund,” Wolff said. “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…