{"id":296326,"date":"2025-11-20T22:22:06","date_gmt":"2025-11-20T22:22:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/296326\/"},"modified":"2025-11-20T22:22:06","modified_gmt":"2025-11-20T22:22:06","slug":"mercedes-boss-wolff-sells-15-stake-to-u-s-billionaire-krutz","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/296326\/","title":{"rendered":"Mercedes boss Wolff sells 15% stake to U.S. billionaire Krutz"},"content":{"rendered":"

Nov 20, 2025, 04:39 PM ET<\/p>\n

Mercedes boss Toto Wolff has sold his 15% stake in the Formula One team to American billionaire George Krutz.<\/p>\n

Wolff, who owns one third of Mercedes, will remain as CEO and team principal, and is in Las Vegas for this weekend’s race.<\/p>\n

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The 53-year-old Austrian is set to earn close to \u00a3230 million ($300m) from the sale in a deal which values Mercedes at \u00a34.57 billion ($5.97bn) — a record for an F1 team.<\/p>\n

Krutz, the 55-year-old CEO and founder of cybersecurity company Crowdstrike — which currently sponsors Mercedes — becomes a co-owner of the team through his acquisition of Wolff’s minority interest making his share 5%.<\/p>\n

Kurtz also joins the team’s strategic steering committee alongside Mercedes group chairman Olla Kallenius and Ineos chief Sir Jim Ratcliffe.<\/p>\n

Mercedes CEO and team principal Toto Wolff has sold a 15% stake.\u00a0Kym Illman\/Getty Images<\/p>\n

Wolff, who oversaw six of Lewis Hamilton’s record-equalling seven world championships said: “George’s background is unusual in its breadth: he’s a racer, a loyal sporting ambassador for Mercedes-AMG, and an exceptional entrepreneur.<\/p>\n

“He understands both the demands of racing and the realities of building and scaling technology businesses. That combination brings specific insight that is increasingly relevant to the future of Formula One.”<\/p>\n

Mercedes won eight consecutive constructors’ world championships between 2014 and 2021. They are second in the standings with three rounds remaining. George Russell<\/a> has won two races so far this year.<\/p>\n

Krutz said: “Winning in racing and cybersecurity requires speed, precision, and innovation. Milliseconds matter. Execution counts. Data wins.<\/p>\n

“Technology is reshaping competitive advantage and human capability everywhere, including motorsport. I’m excited to help the team securely accelerate forward.”<\/p>\n","protected":false},"excerpt":{"rendered":"Nov 20, 2025, 04:39 PM ET Mercedes boss Toto Wolff has sold his 15% stake in the Formula…\n","protected":false},"author":2,"featured_media":296327,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[49,48,578,576,577,82],"class_list":["post-296326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-ca","tag-canada","tag-f1","tag-formula-1","tag-formula1","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/296326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=296326"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/296326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/296327"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=296326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=296326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=296326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}