News Details

Marussia held merger talks with Williams - Wolff

Getty Images Enlarge Mercedes' executive director Toto Wolff has revealed that talks have taken place about merging Marussia and Williams though he says they are "getting nowhere" as it would lead to the closure of Marussia. Wolff is at the centre of the discussions as he owns a 12.2% stake in Williams. The team is floated on the Frankfurt stock exchange and has a market value of 180.2m meaning that Wolff's stake is worth 22m. He has owned shares in Williams since 2009 when he became a director of the team. In January he jumped ship to Mercedes and took a 30% stake in that too. Soon afterwards he announced that he would dispose of his Williams shares to avoid any conflicts of...
Full Story »
11y ago from espnF1.com 0
Share

You May Also Be Interested In...

Williams rejects Marussia merger opportunity

Williams has reportedly rejected an attempt by Marussia's owner to merge...
11y ago from TheF1Times.com

F1 2013 – Marussia could merge with Sauber after...

The Marussia F1 team could merge with the Sauber F1 team after reports...
11y ago from F1.co.uk

Elation at Marussia over tenth place in Constructors'...

November 24th, 2013 (F1Plus / Chris Cameron-Dow) - Marussia held on to...
11y ago from F1Plus.com

Merc 'confident' for the future

Mercedes' chairman of the board of management Dieter Zetsche has every...
11y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez sets the benchmark in second Argentina...

Marc Marquez set the benchmark lap time in the second Argentina MotoGP...
11h ago from MotorsportWeek.c...

Marc Marquez tops the first practice timesheets at...

Factory Ducati rider Marc Marquez topped the timesheets in the first...
16h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Date set for IndyCar’s inaugural Grand Prix of...

The NTT IndyCar Series has announced a date for the first running on the...

Takuma Sato to contest 16th Indy 500 with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Forward ‘tells agent to finalise move to...

Arsenal look set to pull off a major coup in the transfer market. Reports...
6h ago from FreshArsenal.com

Report: Berta identifies new major midfield target for...

Arsenal’s summer transfer strategy is taking shape, with reports...
7h ago from FreshArsenal.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.