Name: Toto Wolff completes Mercedes sale as F1 team valued at £4.6billion
Uploaded: 2025-11-22T13:31:34.205Z
Duration: 44 s
Description: Mercedes Formula One boss Toto Wolff has sold a 15% stake in the team to American billionaire George Kurtz for £230 million, setting a new valuation record for an F1 team.

Mercedes Formula One boss Toto Wolff has sold a 15% stake in the team to American billionaire George Kurtz for £230 million, setting a new valuation record for an F1 team.

Mercedes F1 team principal Toto Wolff has sold a 15% stake in the team to George Kurtz, CEO of CrowdStrike, for £230 million. This transaction values the Mercedes Formula One operation at £4.57 billion, the highest ever for an F1 team. 

Kurtz, whose company already sponsors Mercedes, joins as a significant stakeholder while Wolff remains team principal and CEO, keeping his one-third ownership. Under Wolff's leadership, Mercedes has achieved major successes, including six of Lewis Hamilton's seven world titles and eight consecutive Constructors' Championships. The team is currently second in the standings with three races remaining in the season.

Toto Wolff completes Mercedes sale as F1 team valued at £4.6billion

Total Wolf just cashed in big time. The Mercedes boss has sold a 15% stake to American billionaire George Krutz for 230 million pounds. That values the entire Mercedes F1 operation at 4.57 billion pounds, a record for any Formula One team. Krutz is the CEO of CrowdStrike, the cybersecurity giant that already sponsors Mercedes, so he knows the business. Wolf stays on as team principal and CEO, keeping his one-third ownership intact. The Austrian oversaw six of Lewis Hamilton's seven world titles and eight straight Constructors' Championships. Mercedes currently sits second in the standings with three races left.

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