Reports have finally confirmed that the shareholding of the Williams team was bought by Austrian businessman Christian ‘Toto’ Wolff was a total of ten per cent.
At the time of the sale in late 2009, the actual amount or value of the share sale to the 38-year-old racing enthusiast – who is boyfriend to Scottish DTM driver Susie Stoddart – was never disclosed. Wolff also owns shares in Aces Management, the driver management firm that involves Didier Coton and Mika Häkkinen.
However, London’s Evening Standard has reported on company filings lodged by the F1 outfit that the shareholding is a 10% slice of the squad.
The report claims Wolff paid about $16 million for his shareholding (with 7% from Sir Frank Williams’ ownership and 3% from Patrick Head’s), which one could logically extrapolate the team’s worth to be over $160 million.
The 90% balance of ownership is split 63:27 between Williams and Head.
[Original image via Motorsport Aktuell]
Latest posts by Richard Bailey (see all)
- WTCR: Guerrieri outwits Muller at the Nordschleife - 26 September, 2020
- WTCR: Girolami breaks Nordschleife lap record to claim pole - 25 September, 2020
- WTCR: Hyundai withdraws from Germany round - 24 September, 2020
- WTCR: Ehrlacher leads Lynk & Co podium sweep at Zolder - 13 September, 2020
- WTCR: Girolami kicks off 2020 season with victory - 13 September, 2020