Audi and Mercedes, side by side
The same lines as the two team dossiers, set beside each other. Each line is one record, printed as its source printed it. Where a column says "None in this record", no confirmed record names that team there; it is not a statement about the team.
Who owns it
Who owns each team now, each line in its document's own words with that document's date. Stake sales are listed apart.
Audi
No current owner is stated in this record; see stake sales.
Mercedes
- George Kurtz as of 20 November 2025
- Stake or control, as stated
- 15% minority interest in the ownership entity controlled by Toto Wolff
- Tie to the team, as stated
- which holds one third of the team
Source Mercedes-AMG PETRONAS F1 Team,Quote
George Kurtz Appointed Technology Advisor and Joins the Team’s Long-Term Ownership Group - Mercedes-AMG PETRONAS F1 Team. Published by a party to it, Mercedes-AMG PETRONAS F1 Team, 20 November 2025. It says:
Through his personal acquisition of a 15% minority interest in the ownership entity controlled by Toto Wolff, which holds one third of the team in partnership with Mercedes-Benz and INEOS, Kurtz joins Mercedes-Benz, INEOS, and Toto Wolff in the team’s long-term ownership group. paragraph 2
The Mercedes-AMG PETRONAS F1 Team and George Kurtz, CEO and Founder of CrowdStrike, today announced that Kurtz has become a co-owner of the team and been appointed Technology Advisor. paragraph 1
- INEOS as of 12 November 2026
- Stake or control, as stated
- three equal partners
Source Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026Quote
Sustainability Governance - Mercedes-AMG PETRONAS F1 Team. Published by a party to it, Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026. It says:
The Mercedes-AMG PETRONAS F1 Team is owned by three equal partners: Mercedes-Benz, INEOS and Toto Wolff.
- Mercedes-Benz as of 12 November 2026
- Stake or control, as stated
- three equal partners
Source Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026Quote
Sustainability Governance - Mercedes-AMG PETRONAS F1 Team. Published by a party to it, Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026. It says:
The Mercedes-AMG PETRONAS F1 Team is owned by three equal partners: Mercedes-Benz, INEOS and Toto Wolff.
- Toto Wolff as of 12 November 2026
- Stake or control, as stated
- three equal partners
Source Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026Quote
Sustainability Governance - Mercedes-AMG PETRONAS F1 Team. Published by a party to it, Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026. It says:
The Mercedes-AMG PETRONAS F1 Team is owned by three equal partners: Mercedes-Benz, INEOS and Toto Wolff. Governance page, Our Board, first paragraph
Disclosed stake sales
Each sale a party to it announced, newest first. A sale is an event on its date, not a statement of who owns the team now.
Audi
- Buyer Qatar Investment Authority
- Stake, as stated
- a significant minority stake in Sauber Holding AG
- Price, as stated
- not disclosed: no price stated in the announcement
- Valuation, as stated
- not disclosed: no valuation stated in the announcement
- Announced
- 29 November 2024
Source AUDI AG, Qatar Investment Authority,Quote
Audi F1 Project strengthened by investment from QIA. Published by a party to it, AUDI AG, 29 November 2024. It says:
Audi and Qatar Investment Authority (QIA) team up to accelerate the preparation for the Formula 1 entry of the four rings in 2026. QIA, the sovereign wealth fund of the State of Qatar, has signed definitive agreements to acquire a significant minority stake in Sauber Holding AG, the future factory team of Audi. paragraph 1
11/29/2024 dateline
QIA investment strengthens Audi F1 Project. Published by a party to it, Qatar Investment Authority, 29 November 2024. It says:
DOHA, Friday 29 November: QIA, the sovereign wealth fund of the State of Qatar, has signed definitive agreements to acquire a significant minority stake in Sauber Holding AG, Audi's future factory team. paragraph 1
- Buyer Audi (brand name as printed)
- Seller
- Islero Investments AG
- Stake, as stated
- 100 percent of Sauber Holding AG
- Price, as stated
- not disclosed: no price stated in the release
- Valuation, as stated
- not disclosed: no valuation stated in the release
- Announced
- March 2024 as stated: March 2024
- Completed
- January 2025
Source AUDI AG, undated; read 12 November 2026 AUDI AG, undated; read 12 November 2026Quote
Audi accelerates preparations for successful entry into Formula 1 and significantly expands its commitment. Published by a party to it, AUDI AG, undated; read 12 November 2026. It says:
In this context, Audi plans to take over 100 percent of Sauber Holding AG. A corresponding agreement has been reached with the current majority shareholder Islero Investments AG, which fully supports the change. In addition to chairing the shareholder committee of Audi Formula Racing GmbH, Oliver Hoffmann will become Chairman of the Board of Directors of all Sauber companies. media release of 03/08/2024, body
In a nutshell: The Audi F1 Project. Published by a party to it, AUDI AG, undated; read 12 November 2026. It says:
March 2024 Audi announces the complete takeover of Sauber ahead of schedule. page 18, timeline, March 2024
January 2025 With the complete takeover of Sauber Holding AG, Audi takes another important step on its way into Formula 1. The complete takeover paves the way for the Qatar sovereign wealth fund to come on board as an investor with a capital increase. page 18, timeline, January 2025
Mercedes
- Buyer George Kurtz
- Stake, as stated
- 15% minority interest in the ownership entity controlled by Toto Wolff
- Price, as stated
- not disclosed: no price stated in the announcement
- Valuation, as stated
- not disclosed: no valuation stated in the announcement
- Announced
- 20 November 2025
Source Mercedes-AMG PETRONAS F1 Team,Quote
George Kurtz Appointed Technology Advisor and Joins the Team’s Long-Term Ownership Group - Mercedes-AMG PETRONAS F1 Team. Published by a party to it, Mercedes-AMG PETRONAS F1 Team, 20 November 2025. It says:
Through his personal acquisition of a 15% minority interest in the ownership entity controlled by Toto Wolff, which holds one third of the team in partnership with Mercedes-Benz and INEOS, Kurtz joins Mercedes-Benz, INEOS, and Toto Wolff in the team’s long-term ownership group. paragraph 2
The Mercedes-AMG PETRONAS F1 Team and George Kurtz, CEO and Founder of CrowdStrike, today announced that Kurtz has become a co-owner of the team and been appointed Technology Advisor. paragraph 1
20 November 2025 dateline
- Buyer INEOS
- Seller
- not disclosed: no seller named
- Stake, as stated
- one third shareholder
- Price, as stated
- not disclosed: no price stated in the announcement
- Valuation, as stated
- not disclosed: no valuation stated in the announcement
- Announced
- 18 December 2020
Source INEOS, Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026Quote
Mercedes-AMG Petronas Formula One Team welcomes INEOS as a one third equal shareholder alongside Daimler and Toto Wolff. Published by a party to it, INEOS, 18 December 2020. It says:
The Mercedes-AMG Petronas Formula One Team is delighted to announce that INEOS will become a one third shareholder in the team, which will be owned in three equal parts by Daimler AG, INEOS and Toto Wolff. release, paragraph 1
18 Dec 2020 dateline
The Team Welcomes INEOS as a One Third Equal Shareholder Alongside Daimler and Toto Wolff. Published by a party to it, Mercedes-AMG PETRONAS F1 Team, undated; read 12 November 2026. It says:
The Mercedes-AMG Petronas Formula One Team is delighted to announce that INEOS will become a one third shareholder in the team, which will be owned in three equal parts by Daimler AG, INEOS and Toto Wolff. release, paragraph 1
Drivers and their terms
Drivers announced for 2027, with the term as the team stated it. A driver under contract with no term stated, and a reserve, is not counted as a 2027 seat.