News Details

Williams clarify Wolff investment reports

Williams deputy principal Claire Williams has revealed that Toto Wolff actually retained his shares in the team due to a failed transaction. Reports stated that the Austrian businessman had purchased a 5% stake in the company at a time where they were actively searching for new investment. Wolff left Williams to join Mercedes in 2013, at which point he owned a 15% stake, and he was required to sell those shares on. American businessman Brad Hollinger purchased the last of his shares in 2016 according to reports, but Claire Williams has revealed that actually the transaction for the final 5% of the shares didn't go through. 'The reports weren't correct,' she said in the FIA press conference...
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Russell's F1 future in Claire Williams' hands

Mercedes junior driver George Russell has revealed that his immediate...
5y ago from GPFans.com

Williams: Investor interest has been really strong

The search for outside investment for Williams' Formula 1 team has found...
5y ago from GrandPrix247.com

Williams seeing 'strong interest' from potential...

Williams deputy team principal Claire Williams says the British outfit is...
5y ago from F1i.com

Russell's future ‘in Claire Williams' hands'

George Russell is leaving his future in the hands of team boss Claire...
5y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

FOX acquires 33% stake in Penske Entertainment, IndyCar

Fox Corporation, parent company of broadcast company FOX Sports, has...

Colton Herta: IndyCar at Laguna Seca is a...

IndyCar’s latest visit to Laguna Seca produced rave reviews from...

Popular On TotalWRC.com

Kalle on course in Finland

Kalle Rovanperä and Jonne Halttunen ended the first full day of WRC...
15h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Report: Arsenal's ‘number one winger target' now...

Arsenal have already made plenty of signings, but it appears a move for...
3h ago from FreshArsenal.com

Market opportunities

Happy Saturday. It's likely to be a pretty quiet weekend on the Arsenal...
3h ago from Arseblog.com

Real Madrid Transfer News Roundup: Arsenal eyeing...

Real Madrid return to action later this month, when they take on WSG Tirol...
5h ago from SportsKeeda.com

Player is 'keen' on Arsenal move, Gunners hoping to...

Crystal Palace attacker Eberechi Eze has been linked with a move away from...
21h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.