US EditionF1: Toto Wolff sells part of Mercedes stake to billionaire George Kurtz
- On Thursday, Toto Wolff sold 15% of his one‑third stake to George Kurtz, giving Kurtz a 5% share in the Mercedes‑AMG Petronas F1 team.
- To broaden analytics and partnerships, Mercedes said George Kurtz will serve as technology adviser to expand U.S. and global tech ties as F1 shifts to AI and simulation ahead of 2026 regulations and engine overhaul.
- A person familiar said the transaction values Mercedes‑AMG Petronas F1 at $6 billion, Toto Wolff will net $300m and remain team principal with governance unchanged, and George Kurtz joins the strategic steering committee.
- Kurtz bought in with personal funds, expanding a partnership with CrowdStrike that dates to 2019 and already provides AI protection for Mercedes-AMG Petronas F1, deepening technology industry ties.
- F1's U.S. popularity is surging, and Mercedes-AMG Petronas F1 sit second with three races remaining, while George Kurtz combines racing experience and tech know-how ahead of 2026 regulations and engine overhaul.
42 Articles
42 Articles
Toto Wolff is not only the head of sports at Mercedes, he also owns shares in the racing stable. He has now sold a part of it - and officially made the team one of the most valuable.
Toto Wolff is not only the head of sports at Mercedes, he also owns shares in the racing stable. He has now sold a part of it - and officially made the team one of the most valuable.
Millions of rain for team manager Toto Wolff! The Viennese has assigned 15 percent of its third share of the Mercedes Formula 1 team to crowd strike founder George Kurtz. The two parties did not provide any information about the purchase sum on Thursday. Measured by the estimated value of the racing stable of more than 5 billion euros, this amount amounts to more than 260 million euros.Wolff, like the German Mercedes-Benz Group and the British p…
Daily Mirror
RACERMercedes F1 announce new team owner as Toto Wolff sells minority stake - The Mirror
Mercedes have confirmed that American billionaire George Kurtz has taken a minority stake in team principal Toto Wolff's share of the Formula 1 team, ahead of the Las Vegas Grand Prix
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