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Mercedes' Wolff sells Williams shares
Mercedes sports boss Toto Wolff has sold part of his shareholding in Williams to American businessman Brad Hollinger. Wolff, boss of Mercedes since 2013, had been planning to reduce his shareholding to address concerns about conflict of interest and compliance. Hollinger, who runs 90 hospitals in the US, has bought 5% of the company. Inside the revolution at Mercedes Hollinger will have no management involvement in Williams but has an option to purchase further shares. He said he saw F1 as an investment and predicted that the sport was 'on the cusp of another explosion in growth through social media'. Wolff said he had no plans to sell more of his shareholding, saying his role was now...
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