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Williams clarify Wolff investment reports
Williams deputy principal Claire Williams has revealed that Toto Wolff actually retained his shares in the team due to a failed transaction. Reports stated that the Austrian businessman had purchased a 5% stake in the company at a time where they were actively searching for new investment. Wolff left Williams to join Mercedes in 2013, at which point he owned a 15% stake, and he was required to sell those shares on. American businessman Brad Hollinger purchased the last of his shares in 2016 according to reports, but Claire Williams has revealed that actually the transaction for the final 5% of the shares didn't go through. 'The reports weren't correct,' she said in the FIA press conference...
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4y ago from PlanetF1.com
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