Mercedes have confirmed that American billionaire George Kurtz has taken a minority stake in team principal Toto Wolff's share of the Formula 1 team, ahead of the Las Vegas Grand Prix

Mercedes have announced American billionaire George Kurtz as their new co-owner. The founder and chief executive of cybersecurity firm Crowdstrike, a Mercedes F1 sponsor, has acquired a minority stake in team principal Toto Wolff's share of the outfit.

Wolff's ownership group continues to hold one-third of the team and he will remain as both team principal and CEO. A Mercedes spokesperson confirmed the team's governance structure will stay unchanged, though Kurtz will join Wolff, Mercedes-Benz boss Ola Kallenius and INEOS chief Sir Jim Ratcliffe on the team's strategic steering committee.

Wolff said:

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