Friday, 20 June 2014

Wolff sells 5 percent stake in Williams team

(Williams Martini Racing Team)

Mercedes motorsport boss Toto Wolff has sold a 5 percent stake from his 15 percent shareholding in the Williams Martini Racing Team to American entrepreneur Brad Hollinger.

The American owns healthcare company, Vibra Healthcare and speaking to the BBC in the paddock in Austria on Friday Hollinger described F1 as an investment and stated that Formula One is 'on the cusp of another explosion in growth through social media'.

Wolff confirmed that he is now just involved in the Grove based outfit as an investor having previously been involved on the management side of the team before joining Mercedes as their motorsport director in Jnaury last year, he has also confirmed that he will not be selling his remaining shares within the Grove based team.

Williams deputy team principal Claire Williams confirmed that her father and team founder Sir Frank has 'no interest in further diluting his existing shareholding'

The team have had a fantastic start to the 2014 season having scored point's in every race of the year so far. 

© Ben Johnston 2014

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