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Wolff sells further Williams stake to Hollinger

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Wolff sells further Williams stake to Hollinger
By:
Feb 25, 2015, 10:42 AM

Mercedes motorsport boss Toto Wolff has sold a further stake in the Williams Formula One team to American healthcare executive Brad Hollinger.

Toto Wolff, Mercedes AMG F1 Shareholder and Executive Director
Valtteri Bottas, Williams FW37
Valtteri Bottas, Williams FW37

Vibra Healthcare owner Hollinger had already purchased a five percent stake from Wolff in June last year.

Wolff has now sold a further five percent stake after Hollinger exercised an option, leaving the F1 team boss with another five percent of the Grove-based squad.

Team founder Frank Williams remains the majority stake holder with 52 percent, while Patrick Head is now level with Hollinger on 10 percent.

Wolff, a former executive director at Williams, said he intends to keep the remaining shares. 

 

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About this article

Series Formula 1
Drivers Patrick Head , Frank Williams , Toto Wolff
Author Pablo Elizalde