Wolff suggests Williams involvement to deepen
30 November, 2009
Nov.30 (GMM) Christian ‘Toto’ Wolff has suggested he might ramp up his involvement with the Williams team in the next few years.
When the 37-year-old Austrian’s new minority share of the Grove based outfit was recently announced, Williams declined to declare the precise percentage figure that is now owned by Wolff.
To the German language Der Standard newspaper, Wolff explains: “This is not a simple transaction in which I buy such-and-such a per cent.
“It was necessary to create a model within which I can expand my participation via options over the next few years,” the motor racing enthusiast and investor added.
Wolff denies that previous sole owners Sir Frank Williams and Patrick Head have decided to sell a slice of the team because it is in financial trouble.
“Frank and Patrick are both over sixty and must now think about the next generation and the future of their company. They know that I, unlike many other potential investors, have a long-term interest.
“For Williams, it was a good first step towards securing the future, and for me it was an opportunity to enter with a top team: a win-win situation,” added Wolff.