Williams Turned Down BMW, Russian Investors for Share Sellout

Christian 'Toto' Wolff revealed yesterday that he was the luckiest of the many bidders to try and buy a share in Williams F1 Team. The 37-year old Austrian is known to be a racing enthusiast and was last week announced as Frank Williams' and Patrick Head's new partner in the Grove team's ownership.

The news came as a shock to everyone, especially since it was the first time since the very formation of the team, more than 30 years ago, that Williams decided to sell a share in his team. The British official later argued his decision by the need to focus more on his personal life, after more than 3 decades spent in Formula One.

However, Williams insisted that he is still commanding the troops at Grove, and the partial sellout will not influence the way he'll run his business in the future.

A few days later, Wolff admitted that Williams had to pick from a wide array of investors, but he chose him because of his enthusiasm for the sport of motor racing. Some of his investments include DTM outfit HWA AG and BRR Rallye Racing, as he also runs a management company with former F1 driver Mika Hakkinen (specialized in race drivers' management).

BMW wanted to have shares, Arabs and Icelandic investors did as well, and I know that this year some Russians showed some interest. But Frank wanted people with racing spirit, because Williams stands for racing,” said Wolff in an interview with Sportweek.

Wolff's resume includes several outings in the Formula Ford championship, national rallying competitions and FIA GT. In addition, he holds the lap record at the famous Nurburgring Nordschleife, stopping the clock at 7:03 minutes earlier this year (driving a Porsche 997 RSR).
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