Mercedes F1 Team: Toto Wolff sells shares to George Kurtz, Ineos & Mercedes retain majority stake (66%)

American entrepreneur George Kurtz has acquired a stake in Mercedes-AMG Petronas F1 Team from Torger Christian ("Toto") Wolff, team principal and CEO, announced the Formula 1 team on 20/11/2025.

George Kurtz, CEO and founder of cyber security firm CrowdStrike - a global partner of the team since 2019 -, is acquiring a 15% minority stake in Toto Wolff's holding company on his own behalf, representing "a stake of about 5% in the Mercedes F1 team," according to the Financial Times, the British business and financial daily newspaper that revealed the ongoing negotiations on 11/11/2025. Following this transaction, Toto Wolff would hold 28% of the team's capital. The transaction values the team at $6bn (€5.2bn), according to the Financial Times.

Mercedes-Benz Group AG and Ineos will retain their majority shareholding positions (33% each), according to the team. Toto Wolff, a shareholder since joining the team from Williams Racing in 2013, increased his stake to 30% when Ineos took a stake on 18/12/2020, following the sale by Mercedes-Benz Group AG (then Daimler AG) of 60% of the shares…