Mercedes motorsport chief has sold off more Williams F1 shares which has reduced his shareholding to a mere 5%. It is American businessman Mr. Brad Hollinger who has bought the huge volume of shares from the Merc chief.
Toto has been continuously depleting his connection with Williams ever since he took the reins at Mercedes & in 2014 only he sold 5 percent of shares to healthcare entrepreneur Hollinger. More shares have been exchanged & the American entrepreneur is the holder of 10% Williams share now. Ironically, Wolff’s involvement has been reduced to a mere half of that.
Wolff has stated in one of his recent press meets that both he & his bosses are glad now that his low investment level at Williams is less enough to create any dispute of interest. (more…)