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Wolff buys £37 million stake in Aston Martin
Mercedes Formula 1 team boss Toto Wolff has bought a £37 million stake in British sportscar company Aston Martin, though he remains fully committed to his role at Mercedes. The investment comes after Racing Point owner Lawrence Stroll, a close friend of Wolff, took a 25 per cent stake in Aston Martin, taking up the role of executive chairman and will bring the brand back to F1 next season. That led to speculation Wolff would consider a management role at the new team, but that has repeatedly been denied. This week though it was confirmed Wolff acquired a 4.77 per cent stake in the manufacturer for £37m – though this is set to drop to just below 1 per cent following a rights issue next...
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4y ago from MotorsportWeek.com
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