Williams sell off some shares!

[Malt_Vinegar]

Christian "toto" wolff seems to have got involved at Williams..

http://www.williamsf1.com/news/view/1192

The chap is the record holder at the ring, and joins the board at Williams now...

http://www.grandprix.com/ns/ns21988.html - more coverage

This is interesting as Williams have never really been keen to sell off shares, even when big money was offered. So, what prompted the change?

 

[arknor]

"minority" he could have bought one token share for all we know

 

[Malt_Vinegar]

The decision to do a deal with Wolff would seem to indicate that Williams is involved in some kind of engine project, perhaps initially a badging deal with Cosworth. It is a good time to be getting into that area of the sport as there are plenty of people and intellectual property floating about, particularly in Germany, where BMW and Toyota have both stopped their F1 projects in recent months, providing a good opportunity for new engine companies to enter the sport if they have money available. Eiether that or Williams is after a Mercedes-Benz engine supply deal in 2011 and this seems a good way to get it. But that is giving away a lot to become a customer

Its interesting as (as stated in the second article) they lost Newey because he wanted shares, and Williams refused. They have always viewed as selling off any shares, big or small as a no-no.

It was enough news to call all Williams staff to a meeting with Head and Williams to inform them before the press release.