{"id":298524,"date":"2025-11-22T00:02:17","date_gmt":"2025-11-22T00:02:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/298524\/"},"modified":"2025-11-22T00:02:17","modified_gmt":"2025-11-22T00:02:17","slug":"mercedes-f1-team-principal-toto-wolff-sells-15-stake-to-crowdstrike-ceo-george-kurtz-winnipeg-free-press","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/298524\/","title":{"rendered":"Mercedes F1 team principal Toto Wolff sells 15% stake to CrowdStrike CEO George Kurtz \u2013 Winnipeg Free Press"},"content":{"rendered":"<p>LAS VEGAS (AP) \u2014 Mercedes team principal and part-owner Toto Wolff has sold 15% of his shareholding of the Formula 1 team to George Kurtz, the CEO and founder of cybersecurity company CrowdStrike.<\/p>\n<p>Mercedes said the deal makes Kurtz a co-owner of the team that is valued at $6 billion. Wolff was one of three equal owners alongside Mercedes-Benz and INEOS.<\/p>\n<p>The deal was announced ahead of Saturday night\u2019s Las Vegas Grand Prix, where Mercedes driver George Russell is the defending race winner.<\/p>\n<p>\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/fe2742ace98320ed1cda440493c3b1daf7bb34a3064e88c6d4469dd0ac9931a9.jpg\" data-pswp- data-pswp-width=\"1024\" data-pswp-height=\"682\"><br \/>\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/fe2742ace98320ed1cda440493c3b1daf7bb34a3064e88c6d4469dd0ac9931a9.jpg\" alt=\"Toto Wolff, principal of Mercedes AMG Petronas F1 Team, watches during a practice session at the F1 Las Vegas Grand Prix auto race , Thursday, Nov. 20, 2025 in Las Vegas. (AP Photo\/Nick Didlick)\"\/><br \/>\n\t\t\t\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t\t\t\t\tToto Wolff, principal of Mercedes AMG Petronas F1 Team, watches during a practice session at the F1 Las Vegas Grand Prix auto race , Thursday, Nov. 20, 2025 in Las Vegas. (AP Photo\/Nick Didlick)<\/p>\n<p>Kurtz will become technology advisor to Mercedes, as well as join the team\u2019s strategic steering committee alongside Wolff, Mercedes-Benz chairman Ola Kallenius, and INEOS founder and chairman Sir Jim Ratcliffe.<\/p>\n<p>Wolff will continue as team principal and CEO.<\/p>\n<p>\u201cGeorge\u2019s background is unusual in its breadth \u2014 he\u2019s a racer, a loyal sporting ambassador for Mercedes-AMG, and an exceptional entrepreneur,\u201d Wolff said. \u201cHe 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 1.\u201d<\/p>\n<p>CrowdStrike became a global partner of Mercedes\u2019 F1 team in 2019, but Kurtz\u2019s purchase into the ownership group was his personally.<\/p>\n<p>\u201cWinning in racing and cybersecurity requires speed, precision, and innovation. Milliseconds matter. Execution counts. Data wins,\u201d said Kurtz. \u201cTechnology is reshaping competitive advantage and human capability everywhere, including motorsport. I\u2019m excited to help the team securely accelerate forward.\u201d<\/p>\n<p>Kurtz is considered a racer and has dabbled in sports car racing since 2016. He has class wins in the 24 Hours of Le Mans LMP2 Pro-Am, Twelve Hours of Sebring, Petit Le Mans, Six Hours of the Glen, and he is the two-time winner of both the Indianapolis 8 Hour and 24 Hours of Spa in a Mercedes-AMG GT3.<\/p>\n<p>Kurtz won the 2023 SRO GT World Challenge America Team &amp; Drivers\u2019 Championship, the 2023 Mercedes-AMG Customer Racing Championship Driver Category, and the 2023-24 Asia Le Mans LMP2 Championship.<\/p>\n<p>___<\/p>\n<p>AP auto racing: https:\/\/apnews.com\/hub\/auto-racing<\/p>\n","protected":false},"excerpt":{"rendered":"LAS VEGAS (AP) \u2014 Mercedes team principal and part-owner Toto Wolff has sold 15% of his shareholding of&hellip;\n","protected":false},"author":2,"featured_media":298525,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[49,48,578,576,577,82],"class_list":["post-298524","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\/298524","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=298524"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/298524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/298525"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=298524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=298524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=298524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}