Toto Wolff sells shares in Williams to American businessman

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Mercedes executive director Toto Wolff has sold some of his shares in Williams some eighteen months after leaving the team.

Wolff joined Mercedes at the beginning of the 2013 season, having previously enjoyed a management role at Williams where his wife, Susie, is a test driver. In order to avoid a conflict of interest, the Austrian was told to sell his shares in the British team.

Some eighteen months later and over a full season into his new role at Mercedes, Wolff has finally found a buyer in the form of American healthcare magnate Brad Hollinger.

Speaking to veteran F1 journalist Adam Cooper, Wolff was pleased to have sold 5% of his shares to Hollinger and is confident that he is someone who can aid Williams.

“He’s a serious entrepreneur,” Wolff explained. “He owns historic cars and he has an understanding for the business, and he decided to take a similar role like I did in 2009, start with a financial investment and then see how it pans out.

“He has 5% and he has an option to acquire more from me, but has no plans at the moment beyond that.”

NBCSN’s Will Buxton spoke with Hollinger in the Austrian Grand Prix paddock today, and said that the CEO of The Hollinger Group seemed enthusiastic about his new investment.

Montoya: ‘Hopefully I get a chance to do Indy again’ (VIDEO)

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Juan Pablo Montoya is on site at this weekend’s United States Grand Prix, his latest trip in a summer and fall filled with a lot of international travel and a number of different race cars he’s been in.

Montoya is committed to a full season in the IMSA WeatherTech SportsCar Championship with Acura Team Penske in 2018, as he’ll share one of the team’s Acura ARX-05s with Dane Cameron.

However, the question of whether he’ll be able to race in the 102nd Indianapolis 500 presented by PennGrade Motor Oil remains.

Team Penske has said it plans to only run four cars next month of May, with Helio Castroneves as the fourth driver alongside the three full-time cars driven by Josef Newgarden, Simon Pagenaud and Will Power.

While Montoya has said elsewhere that he’s shopping offers and has talked with other teams, it’d be highly surprising to see the two-time Indianapolis 500 champion who developed the Chevrolet engine for IndyCar’s 2018 Dallara universal body kit in a Honda-powered IndyCar, although he is running Honda’s brand (Acura) in sports cars.

Montoya elaborated on his Indy 500 prospects in an interview with NBCSN pit reporter and insider Will Buxton at the Circuit of The Americas.

“Not full-time no,” Montoya told NBCSN of his IndyCar 2018 prospects. “Hopefully I get a chance to go to Indy, hopefully with Penske, (and) if not someone else. We’ll see.”

Photo: IndyCar

Montoya has extolled the early testing both on the 2018 IndyCar and on the Acura ARX-05.

The first Acura chassis has run at Road Atlanta and Sebring International Raceway thus far, and will be put through its paces at other venues over the next few months.

“It’s been good. We did a lot of work with INDYCAR on that car. Fans are gonna like it,” Montoya said of the 2018 kit.

“Going to IMSA with the Acura program, we’ve done a lot of testing. It’s a beauty to drive. It drives better than what it looks! I haven’t had that much fun driving a race car in a long time.”

Acura ARX-05 Daytona Prototype international (DPi) race car to be campaigned by Team Penske in 2018