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Williams offers insight into Toto Wolff's stake in company
Claire Williams has explained Toto Wolff's recently reported 5% stake in Williams Grand Prix Holdings which was not the result of a recent purchase of shares. Last month, reports claimed that the Mercedes F1 boss had acquired a shareholding in Williams, a publicly traded company, shortly after the latter's announcement of a strategic review and possible sell of part or all of its assets, including its F1 team. However, Williams explained that Wolff's 5% stake is in reality residual equity from the Austrian's original 15% holding in WGPH that dates back to 2009, when Wolff invested in the company before becoming an executive director in 2012. Wolff parted with his shares in 2016 through a...
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