Wolff repurchases stake in former team Williams

Mercedes boss Toto Wolff has repurchased a five per cent stake in his former team Williams. Wolff, already a shareholder at Mercedes and now also at Aston Martin after recently making an investment in the company. The news comes in the wake of Williams undergoing a formal sales process, essentially making them open to offers. Wolff has reacquired a five per cent stake in the team where he used to be executive director according to F1 journalist Pete Windsor. “It’s nice to see that yesterday the head of Mercedes Toto Wolff bought a five percent stake in Williams F1,” he reported on Twitter. “For the first time in a long time, the team can begin to move in the right direction.”

Good to see that Mercedes' Toto Wolff yesterday bought back a five per cent shareholding in WilliamsF1. The team could be heading in the right direction for the first time in a while.. pic.twitter.com/m2tyXjAHX3

— Peter Windsor (@PeterDWindsor) June 5, 2020

Source: planetf1

Lewis Hamilton and Valtteri Bottas to drive in Mercedes test