Toto Wolff is in discussions to sell around 5% of his Mercedes F1 team shares, according to several business reports, which would value the team at a record $6bn.

As first reported by sports business website Sportico, the sale is said to be at an advanced stage as Wolff looks set to offload around 5% of his shares.

The Financial Times has identified the potential buyer as American entrepreneur George Kurtz, the CEO and co-founder of US-based cybersecurity firm CrowdStrike. CrowdStrike came on board as a Mercedes sponsor in 2019, with Kurtz an avid sportscar racer himself.

Mercedes' current ownership structure is a three-way split between Wolff, parent company Mercedes-Benz and chemical giant INEOS, headed up by Jim Ratcliffe. If the deal were concluded, Wolff would therefore still rem

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