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Formula One
F1: Williams Sells Minority Share
Williams has surprised the F1 world by selling a minority share to an Austrian group...
Adam Cooper  | http://www.speedtv.com  |  Posted November 20, 2009   Balen (BEL)
Sir Frank Williams and Patrick Head have owned the Williams team 70/30 since it was started in 1977, and the pair has resisted all overtures from potential partners, including BMW. (Photo: LAT Photographic)
Racer Christian ‘Toto’ Wolff became a minority shareholder in the Williams F1 team recently. (Photo: LAT Photographic)

Williams has surprised the F1 world by selling a minority share to an Austrian group led by investor and gentleman racer Christian ‘Toto’ Wolff.

Sir Frank Williams and Patrick Head have owned the Williams team 70/30 since it was started in 1977, and the pair has resisted all overtures from potential partners, including BMW.

The 37-year-old Wolff began racing in Formula Ford in 1992, and has since focused mainly on GTs. In 2004 he raced a Ferrari 575 Maranello with close associate and former F1 driver Karl Wendlinger in the FIA GT series. More recently he has focused in rallying. He is also lap record older at the full Nurburgring track, a feat achieved in a Porsche 997.

He made his money in a wide range of venture capital investments under the Marchfifteen and Marhsixteen names. His holdings currently include HWA AG, which operates the Mercedes DTM program and rally organization BRR, which runs the Red Bull junior team. He also runs a driver management company with Mika Hakkinen.

Wolff is based in Switzerland with his partner, Scottish DTM racer Susie Stoddart.
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