- Williams
Wolff sells more Williams shares to Hollinger
Toto Wolff has sold a further 5% shareholding in Williams to American healthcare executive Brad Hollinger.
Last year Hollinger bought 5% of the team from Wolff with the option to buy the Mercedes boss' remaining 10% shareholding at a later date. Hollinger's Vibra Healthcare owns 90 hospitals in the USA but he is keen to get involved in F1 through Williams, which he believes has a bright future.
"I am never in business not to make money," he was quoted by Reuters . "I think there is a huge opportunity in Formula One. It has not really tapped significantly the whole social media route in terms of streaming information out to the masses on whatever medium you might choose.
"Formula One has been incredibly successful despite the fact it has not really taken hold significantly in the U.S. and I think the opportunity exists...I think the future is really bright in the United States."
Wolff confirmed he had "no plans to change" his remaining shareholding of just under 5% despite also owning a 30% stake in the Mercedes F1 team.
Sir Frank Williams still owns 52% of his team, with co-founder Patrick Head owning 10%, Hollinger 10%, Wolff 5% and an employee trust 3%. The remaining 20% is listed on the Frankfurt Stock Exchange.
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