Toto sells (some) Williams shares

US businessman Brad Hollinger has bought five percent of the shares of Williams F1, with an option to increase his shareholding to around 15 percent by the end of the year. The shares previously belonged to Toto Wolff who was required to reduce his holding in the team after he became the head of Mercedes motorsport. Hollinger is a longtime F1 fan, who got into the sport in the 1970s after seeing the US Grand Prix at Watkins Glen. He owns several F1 cars, including a Benetton-Renault and Jacques Villeneuve’s World Championship Williams-Renault.

Hollinger is the chairman and chief executive officer of Vibra Healthcare, which owns and operates healthcare facilities across the United States. The company has a turnover of around $1 billion a year. Hollinger says that be believes that F1 has a big future and expects to see explosive growth in the business in the years ahead as the sport properly embraces social media.

10 thoughts on “Toto sells (some) Williams shares

  1. His comment re: social media makes me wonder if he’s been paying attention to how F1 does (not do) things…

  2. Another who is about to learn how to make a small fortune out of F1 by starting with a large one. History is littered with such people.

  3. He picked a very good day to be in the Williams garage or maybe he is a lucky charm, I like Americans and it’s good more of them are getting involved in F1.

  4. Ah, that’s were the ~$12,000 per year I pay to “insure” my family’s potential medical needs ends up.

  5. Maybe Toto should sell the shares to his wife? That way we increase her possibilitites on an F1 seat, right?

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