Mercedes F1 announce new team owner as Toto Wolff sells minority stake

Sport

Mercedes have announced American billionaire George Kurtz as their new co-owner. The founder and chief executive of cybersecurity firm Crowdstrike, a Mercedes F1 sponsor, has acquired a minority stake in team principal Toto Wolff's share of the outfit. Wolff's ownership group continues to hold one-third of the team and he will remain as both team principal and CEO. A Mercedes spokesperson confirmed the team's governance structure will stay unchanged, though Kurtz will join Wolff, Mercedes-Benz