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19 Nov 2009, 23:03 (Ref:2585421)
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#1 | |
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Veteran
Join Date: Feb 2006
Posts: 1,144
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Williams selling shares to Toto Wolff
As Sportwoche reports, Frank Williams agreed to sell a minority share of his Williams F1 stake (70%, the other 30% being held by Patrick Head) to Austrian business man Toto Wolff, who will take one of four board seats in the team. It's rumoured that Wolff secured an option for further shares in the future.
Wolff, in a relationship with Susie Stoddart, is an avid amateur racing driver and has partnered Karl Wendlinger in the FIA GT racing series in the past, as well as tried to break Niki Lauda's F1 record on the Nordschleife in a Porsche 997 GT3 RSR. http://www.motorsport-total.com/f1/n..._09111916.html Edit: Well, the title sounds more sensational that it's supposed to be. Could some mod please change this to "Williams selling a minority part of his shares to Toto Wolff"? |
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19 Nov 2009, 23:11 (Ref:2585427)
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#2 | |
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Veteran
Join Date: Nov 2006
Posts: 2,263
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What a fantastic name. Can somebody please make an "Africa" or "Wolff F1" joke, please?
And well, if they're going to sell shares to anyone, I'm glad it's to someone with a lot of history in motor sport and some passion for it rather than a faceless group of men in grey suits. Edit: So I guess he's kind of like Lukas Lichner-Hoyer then? |
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__________________
Michael Delaney was wrong. In between is not waiting - in between is the glory, the passion. In between is what elevates racing.
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20 Nov 2009, 00:04 (Ref:2585454)
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Veteran
Join Date: Mar 2006
Posts: 4,742
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Toto Wolff? Sounds like something from a version of the Wizard of Oz on acid
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20 Nov 2009, 00:40 (Ref:2585468)
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Rookie
Join Date: May 2009
Posts: 72
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Interesting. I hope this can spur Williams on to being a force in F1 again.
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__________________
"And Prost's Ferrari is on fire as it enters the swimming pool." Murray Walker "Well that'll put it out then." James Hunt Paul di Resta, flying the flag for Scotland!!!
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20 Nov 2009, 11:25 (Ref:2585711)
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Veteran
Join Date: Sep 2001
Posts: 978
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Does TOTO have a wife called Rosanna?
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20 Nov 2009, 11:31 (Ref:2585714)
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 Race Official20KPINAL
Join Date: Dec 1999
Posts: 21,606
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Quote:
Yeah ! And they all live happily in Africa !! 
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__________________
Show me a man who won't give it to his woman An' I'll show you somebody who will
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20 Nov 2009, 12:18 (Ref:2585739)
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Veteran
Join Date: Aug 2004
Posts: 758
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'Hold the line' it may be considered as 'Leap of Faith'
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__________________
Madness is a normal condition interupted only by spells of sanity.
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20 Nov 2009, 13:06 (Ref:2585775)
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Veteran
Join Date: Oct 2002
Posts: 7,979
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Reminds me of Walter Wolf for some reason.
Wolf with an extra 'F' for added ffffffunk. |
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20 Nov 2009, 13:17 (Ref:2585785)
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Veteran
Join Date: Apr 2005
Posts: 5,651
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Quote:
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__________________
Incognito: An Italian phrase meaning Nice Gearchange!
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20 Nov 2009, 14:17 (Ref:2585827)
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#10 | ||
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Veteran
Join Date: Oct 2002
Posts: 7,979
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Quote:
Walter Wolf bought out Williams in '76, renaming it Walter Wolf Racing. Williams left the following year to start the current Williams team. All hail Wikipedia! |
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20 Nov 2009, 14:30 (Ref:2585840)
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Veteran
Join Date: Apr 2005
Posts: 5,651
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Quote:
Thanks for that 
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__________________
Incognito: An Italian phrase meaning Nice Gearchange!
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20 Nov 2009, 15:24 (Ref:2585871)
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Race Official Veteran
Join Date: Oct 2003
Posts: 15,734
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The interesting part of all this is Wolff's involvement in HWA tuning and the engine possibilities (Mercedes related) that may arise from that I would imagine?
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"Double Kidney Guv'nah?" "No thanks George they're still wavin a white flag!"
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20 Nov 2009, 15:35 (Ref:2585879)
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Race Official 20KPINAL
Join Date: Dec 1999
Posts: 21,606
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That would be great !
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__________________
Show me a man who won't give it to his woman An' I'll show you somebody who will
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20 Nov 2009, 15:36 (Ref:2585880)
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#14 | ||
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Veteran
Join Date: Mar 2006
Posts: 4,742
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AMG Williams Mercedes in 2011...mmm
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20 Nov 2009, 16:13 (Ref:2585897)
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Veteran
Join Date: May 2006
Posts: 5,100
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Wouldn't that take them to four teams, unless McLaren get their own motors for 2011? In which case maybe Force India, whose relationship is with McLaren not Mercedes if I remember correctly could switch over to McLaren/Mahle/WhoeverHasTheBadgingRights.
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20 Nov 2009, 16:17 (Ref:2585903)
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#16 | ||
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Veteran
Join Date: Mar 2006
Posts: 4,742
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Mercedes have already stated this year that they can go to 4 customers - it's no problem for them. They wanted to supply Red Bull due to Vettel but McLaren stood in their way
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20 Nov 2009, 16:23 (Ref:2585907)
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#17 | ||
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Veteran
Join Date: May 2006
Posts: 5,100
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Isn't there something in Concorde or regs that limits how many teams can have one brand of engine? I guess that would go out the window if another manufacturer would quit, I'd just hope that someone would buy the IP to either the BMW, Toyota or Honda lumps and build a job-lot of them to supply them a la Cosworth to ensure some diversity ...
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Marbot : "Ironically, the main difference between a Red Bull and a Virgin is that Red Bull can make parts of its car smaller and floppier."
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20 Nov 2009, 16:26 (Ref:2585908)
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#18 | ||
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Veteran
Join Date: Mar 2006
Posts: 4,742
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Given that there are only 4 engine manufacturers in F1 now and 13 teams, the FIA pretty much haven't got a choice - they'd have to let them
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21 Nov 2009, 03:29 (Ref:2586191)
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#19 | ||
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Veteran
Join Date: Apr 2004
Posts: 1,311
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As it stands now Cossie will be supplying 5 teams - If Renault bows out either Ferrari or Mercedes could supply RBR and still be in accordance with the concorde agreement
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__________________
It's time to switch to Whiskey, we've been drinking Beer all night - Corb Lund
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11 Dec 2009, 09:50 (Ref:2597805)
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Join Date: Sep 2001
Posts: 978
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