Toto Wolff is in talks to potentially sell a minor stake in his share of Mercedes, with the deal potentially setting a record valuation for an F1 team.
Wolff currently owns 33% of the team in an equal shareholding with Mercedes-Benz itself and INEOS, with Sportico reporting that the Austrian is in talks to sell a "single-digit stake" of his shareholding.
The Financial Times has since claimed that the buyer for a 5% stake is George Kurtz, the CEO of major sponsor and cybersecurity company, CrowdStrike.
Should the deal go through, it would value Mercedes at around $6 billion USD (£4.5 billion GBP), dwarfing the $4.7 billion USD (£3.5 billion GBP) McLaren was recently valued at after a share sale.
When approached for comment by RacingNews365, a Mercedes spokesperson issued a statement.
"We will be making no comment on this. The governance of the team will remain unchanged, and all three partners (Mercedes-Benz, Toto and INEOS) are fully committed to the ongoing success of Mercedes-Benz in Formula One."
Wolff joined Mercedes as an investor and CEO in 2013 from Williams, with official UK documents from Companies House showing the team made £120 million GBP in profit in 2024.
Most read
In this article
Join the conversation!