Overview
- Kurtz acquired 15% of Wolff’s private holding, equal to roughly a 5% stake in the Mercedes-AMG Petronas F1 team.
- Media reports value the purchase around €260 million, implying a team valuation near £4.6 billion that Wolff says reflects revenue and cash flow.
- Kurtz joins the strategic steering committee with Toto Wolff, Mercedes-Benz CEO Ola Källenius and INEOS chief Jim Ratcliffe.
- Mercedes says day-to-day leadership is unchanged and Wolff retains all team principal responsibilities.
- CrowdStrike has partnered with Mercedes since 2019, and Kurtz—an active racer—will advise on technology as the deal closes days before the Las Vegas Grand Prix.