Monday, 14 March 2016

F1: TOTO WOLFF SELLS ALL HIS TEAM WILLLIAMS SHARES

 

Formula 1 Mercedes boss, Toto Wolff, has sold all his Team Williams shares.

Wolff who comes from Australia was holding his Willliam shares since 2009 but was ofloading his shares slowly after starting his involvement with Mercedes Benz in 2013. 

 He had 5% worth of Williams shares and businessman Brad Hollinger from USA bought his stake. Hollinger's stake now is at 15%.

 


Hollinger is a businessman dealing with the health sector. He started buying shares in 2014 but he has yet to take control at Williams. 

 Wolff's aim to buy shares was purely for investment but as time elapsed he found himself getting involved in running the team.  

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