Overview
- Mercedes says the deal makes George Kurtz a co-owner and places him on the team’s strategic committee alongside Ola Källenius and Sir Jim Ratcliffe.
- Toto Wolff remains team principal and CEO, maintaining operational control of Mercedes-AMG Petronas.
- The team cited a $6 billion valuation for Mercedes in announcing the transaction, which was revealed ahead of the Las Vegas Grand Prix.
- Mercedes emphasized that Kurtz’s buy-in is personal and separate from CrowdStrike’s sponsorship relationship that began in 2019.
- Kurtz is an active sports-car racer with class victories at Le Mans and other endurance events, and some outlets estimate his purchase equals roughly 5% of the team, a detail not uniformly reported.