Wolff to sell Williams stake to avoid Mercedes conflict

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Mercedes executive director Toto Wolff has decided not to continue holding stakes in two Formula One teams

Wolff retained a 16 percent stake in Williams after leaving the team to work for Mercedes, whose F1 team he holds a 30 percent shareholding in.

During the Chinese Grand Prix Wolff told Reuters he has advised Mercedes he will sell his stake in Williams to avoid any potential conflict of interest.

However he continued to insist the scope for a conflict was minimal: “Even if operationally it is not a conflict, because [at Mercedes] I am a director and I’m not [at Williams] any more, it doesn’t give a good light.”

Wolff added he wanted to find a “responsible” buyer, preferably a sponsor: “I owe Frank [Williams] and the family and the whole team there to do it with responsibility. I cannot just go into the market and say ‘who wants to buy these shares?’ and that’s it.”

Wolff was appointed executive director at Williams in July last year but moved to Mercedes six months later. His wife Susie remains a test and development driver at Williams.

In March Wolff took over from Nick Fry as executive director of Mercedes’ F1 team.

MRTI: Telitz gets creative to help racing career

Photo: Indianapolis Motor Speedway, LLC Photography
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To say that Belardi Auto Racing’s Aaron Telitz has endured a difficult start to the 2018 Indy Lights Presented by Cooper Tires season would be an understatement. The Wisconsin native only completed four corners through the first three races – Races 1 and 2 at St. Petersburg, and Race 1 at Barber Motorsports Park – with St. Pete being especially problematic.

He took the pole for Race 1, but a crash during qualifying for Race 2 prevented him from actually starting. What’s more, the damage was so severe that the Belardi team needed a brand new chassis, with Telitz’s Dallara IL-15 damaged beyond repair.

They also had to borrow a car from Carlin for Race 2, but Telitz’s race ended after he got tangled up with Victor Franzoni in Turn 2 on Lap 1.

With the damage bill well into the six figures as a result, Telitz has taken to some unique, or rather, creative ways to raise money in the aftermath to help cover the costs. “Creative,” in this case, meaning Telitz is using his art skills.

An artist in his spare time, Telitz has begun selling his own original paintings to help raise money.

 “I’ve been to a lot of art shows and I see stuff and I go, ‘Holy cow, someone’s going to pay a thousand dollars for that thing?’” Telitz quipped in a story posted on the Milwaukee Journal.

In discussing his artistic abilities, Telitz added, “I’m working at getting better. I’d like to be able to paint some animals, those types of things. I got a request from Alexander Rossi to see if I could paint his dog. Unfortunately I can’t do that yet.”

Further, in a partnership with The Styled Garage, Telitz is selling his own merchandise, and accepting donations, to help his cause.

Telitz finished fourth in Race 2 at Barber on Sunday, and sits seventh in the Indy Lights championship, 59 points behind leader Pato O’Ward.

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