Mercedes motorsport head Toto Wolff has sold a five per cent stake in the Williams Formula One team to American healthcare executive Brad Hollinger, the Austrian said on Friday. Hollinger, the chairman and chief executive of Vibra Healthcare, also has an option to buy more of Wolff's remaining 10 per cent holding. "It was always the plan to reduce the shareholding in Williams towards a level that is clearly a financial investment," Wolff told reporters at the Austrian Grand Prix. "This was important to Daimler for conflict of interest reasons and for compliance reasons. "But it was quite a task to find somebody who was good for the company, who was good for the family,...
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