Idman.biz
George Kurtz, founder and CEO of IT company "CrowdStrike," will acquire a portion of Toto Wolff's stake in the "Mercedes" Formula 1 team.
İdman.Biz reports this with reference to "Autoracer."
This represents approximately 5% of the shares owned by the Austrian manager through his company, "Motorsports Investment Limited." The deal is worth 261 million euros and brings the value of the "Mercedes" team to a record level for "Formula 1" - approximately 6 billion dollars.
Toto will remain CEO and chairman of "Mercedes," and the team's management structure will remain the same - control will be divided between "Mercedes," the "Ineos" group, and Wolff himself. It is noted that the deal will allow the Austrian to profit from his initial investment without losing influence over the team.
