Williams F1 Team partnership with Dom Reilly Limited
Toto Wolff has admitted owning shares in Williams whilst working as F1 rival Mercedes’ director is a “conflict of interest”.
The 41-year-old Austrian changed teams over the winter, relinquishing his active role at Williams and buying into Brackley based Mercedes. But Wolff, whose wife is the Williams test driver Susie Wolff, still retains part-ownership of the Oxfordshire based team.
Williams on Wednesday played down fears the death of Venezuelan president Hugo Chavez could hurt the British team.
Through 2012 Barcelona winner Pastor Maldonado, Oxfordshire based Williams is heavily sponsored by PDVSA, the state-controlled Venezuelan oil company. The deal has always been closely associated with Chavez, the controversial Venezuelan president who was personally involved in the promotion of Maldonado’s career.
Williams on Tuesday completed the 2013 grid by finally launching its new FW35.
Williams has dismissed suggestions Bruno Senna’s departure will hurt the British team’s coffers for 2013.
The Oxfordshire based team announced this week it is replacing Brazilian Senna, who is significantly sponsored, with the rookie Finn Valtteri Bottas. Bottas is linked managerially to Williams executive and shareholder Toto Wolff.
Williams has provided an interesting insight into the sport’s Concorde Agreement negotiations so far.
Most teams have now signed up with Bernie Ecclestone for 2013 and beyond; the exceptions being Mercedes, Marussia and HRT. Because Williams is listed on the Frankfurt stock exchange, it must publicly publish its financial results.
It is believed static electricity could have sparked Williams’ garage fire two weeks ago in Barcelona.
Even in the Monte Carlo paddock, the huge Spanish blaze was still a hot topic. The British team and the FIA conducted investigations, but there has been no definite finding about the cause of the fire.
Last Sunday proved that Pastor Maldonado is no mere ‘pay driver’.
“If he was a fool, he would not be with us, no matter how much money he brings,” Sir Frank Williams is quoted by Brazil’s Globo Esporte. Venezuelan Maldonado, whose links to the state owned oil company PDVSA and president Hugo Chavez controversially deliver many millions to Williams’ Oxfordshire based team, became F1′s fifth different winner of 2012 last weekend in Spain.
Despite not collecting a single point in Melbourne, the Williams team will travel from Australia to Malaysia in upbeat mood.
The famous British outfit’s slide from its race and title-winning days hit rock bottom in 2011, scoring just five points all season and only finishing ahead of the three struggling new teams in the constructors’ championship.
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