Wolff to keep Williams interests for now

23 January, 2013

2012 Spanish Grand Prix - SundayAs Toto Wolff gets down to work at Mercedes, the situation regarding his shareholding with Williams remains unclear.

When the Austrian’s team switch was announced, Williams made clear that Wolff “will retain his shareholding”.

It is believed the 41-year-old’s Williams stake is worth up to € 40 million.

Sources have said that Wolff’s ownership shares in competing F1 teams (he has bought 30 % of Brackley based Mercedes) is legitimate, but it remains to be seen if the situation will change.

“For the moment I’m going to keep those [Williams] shares,” he said on Tuesday.

“I have a responsibility as a shareholder. I can’t let everybody else down. I’m going to look at the situation in the next couple of weeks or months.

“I am working 100 per cent for Mercedes, as a director of Mercedes and trying to be successful with Mercedes.

“But I’ve had a long interest in Williams and you can’t kill an emotion just by resigning from a directorship.”

It is rumoured that there could be a silver lining for Williams, with suggestions that Wolff’s new Mercedes link could deliver a change of customer engine supplier for the currently Renault-powered Grove team.

“No discussions have been held,” Wolff said. (GMM)

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