News Details
Wolff purchases stake in Aston Martin
Toto Wolff has officially bought shares in Aston Martin, it was reported on Friday. Per motorsport.com, Wolff has made the 'personal investment' of a 4.77% stake in the Lawrence Stroll-owned company, which will be diluted to 0.95% after a rights issue to happen next week. The value of the near-1% stake is estimated to be $46 million. As to Wolff's fate with the Silver Arrows, a team spokesperson has stated that 'Toto's partnership and executive role with Mercedes are unaffected by the transaction.' With his current contract as Mercedes team principal set to expire at the end of the 2020 season, earlier reports of his investment had frequently linked it with a switch to Aston Martin in a...
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4y ago from GrandPrix247.com
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