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Mercedes boss Wolff cuts ties with Williams
Mercedes motorsport head Toto Wolff has sold his remaining stake in the Williams Formula One team to US shareholder and healthcare executive Brad Hollinger, both parties said on Wednesday. Hollinger had bought a 10 percent stake in the team from Wolff in two prior transactions, with the Austrian saying last year that his remaining shareholding accounted for "just short of 5 percent" of the former champions. Team principal Frank Williams has a 52 percent stake and co-founder Patrick Head 10 percent. Of the remaining shares, 20 percent are listed on the Entry Standard of the Frankfurt Stock Exchange and a further 3 percent are held by an employee trust. Wolff had agreed to divest...
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8y ago from SuperSport.com
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