Jan 23

Wolff to keep Williams link ‘for the moment’

As Toto Wolff gets down to work at Mercedes, the situation at Williams remains unclear.

W2012-11-04 - Williams F1 - Abu Dhabi - Sir Frank Williams - Toto Wolff 012013-01-21 - Mercedes-Benz Grand Prix Ltd. - Suzie Wolff - Toto Wolff (1)hen 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 EUR 40 million.

Sources have said Wolff owning shares in competing F1 teams – he has bought 30 per cent 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 there could be a silver lining for Williams, with suggestions 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.

source: GMM