Wolff sells £230m stake valuing Mercedes F1 at £4.6bn

Toto Wolff sells 15% stake in Mercedes F1 team to American billionaire George Kurtz. The deal values the team at $6bn, making it a record in F1. Kurtz, founder of Crowdstrike, joins strategic steering committee, while Wolff, set to net $300m, remains CEO. Massive growth in F1 team valuations reflects sport's global appeal, with Mercedes aiming to continue success in the constructors' championship.