Toto Wolff will remain as team principal at Mercedes
Toto Wolff has sold 15% of his shareholding in the Mercedes Formula 1 team to American billionaire George Kurtz.
Kurtz, 55, is the founder of the cybersecurity firm Crowdstrike, which is a sponsor of Mercedes.
The deal values Mercedes F1 at $6bn (£4.6bn), a record for an F1 team. McLaren were valued at £3.5bn in a change of ownership structure in September.
Wolff's holding company owns one-third of Mercedes F1, so the shareholding he is selling equates to 5% of the team.
