Overview
- Toto Wolff sold 15% of his holding company to George Kurtz, equating to a 5% stake in the Mercedes-AMG Petronas F1 team.
- Kurtz’s personal purchase, reported at about $300 million, implies a team valuation near $6 billion.
- Governance remains unchanged with Wolff continuing as CEO and team principal and Mercedes-Benz and INEOS retaining their one-third shares.
- Kurtz joins the strategic steering committee with Ola Källenius, Jim Ratcliffe and Wolff, and will serve as Technology Advisor on data analytics, simulation and AI-led development.
- The deal deepens a Mercedes–CrowdStrike partnership dating to 2019, and brings in an experienced endurance racer with class wins at Le Mans, Sebring, Petit Le Mans and other events.