Williams co-owner Toto Wolff has slammed rumors Damon Hill is being lined up to be the famous British team's new boss.
Chairman Adam Parr shocked the F1 world earlier this year by suddenly leaving the Oxfordshire based squad.
Founder and boss Sir Frank Williams, despite no longer sitting on his own team's board, has revealed he has assumed some of Parr's former duties.
And the next step in the saga was recent rumors that Hill, Williams' world champion of 1996, could now move into a management role.
Since stepping down as president of the Silverstone-owning British Racing Drivers' Club, the 51-year-old returned almost full-time to the paddock in 2012 as a television pundit for the broadcaster Sky.
But according to German-language Speed Week, Williams' Austrian shareholder Wolff slammed the Hill rumor.
"Who said that?" he told the journalist Gerhard Kuntschik.
Asked what truth there is to the gossip, Wolff added bluntly: "Nothing."