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Wolff sells £3.5m option on Williams
It's no surprise that Toto Wolff has to sell his shares in Williams. At the moment he has his finger in two pies as in addition to owning around 10% of the team he also has a 30% stake in its rival Mercedes and is an executive director of it. There is nothing improper about this but to prevent any accusations of conflict of interest Wolff has been looking for a buyer for his Williams shares. In June, American healthcare tycoon Brad Hollinger bought 5% from him along with an option to acquire more. The size of the option has now been revealed and is a 2% stake worth £3.5m according to an article in the Daily Telegraph by Christian Sylt.'I sold some of my stake to an American...
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11y ago from Pitpass.com
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