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Wolff to sell his 16% stake in Williams
Toto Wolff says he will sell his 16 per cent stake in the Williams F1 Team, 'when the time is right', after securing a senior position at rival outfit Mercedes. Wolff was appointed to motorsport boss at the German outfit earlier this year, leaving his executive director role at Williams as a result. However he retained his stake in the team, but he will now sell this after agreeing to buy a stake in Mercedes AMG. "The commitment I gave to Mercedes was that I would look at the shareholding, as you don't want to have that conflict of interest," said the Austrian. "Even if operationally it is not a conflict, as here [at Mercedes] I am a director and I am not there any more,...
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11y ago from TheF1Times.com
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