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.

NHRA: John Force-like motor explosions get contagious during Sunday’s Gatornationals

Photo and video courtesy NHRA
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John Force is rubbing off on others – but probably not the way they or he would like.

The 16-time NHRA Funny Car champion has had spectacular motor explosions in each of the first three races of the new NHRA season, including during Friday’s qualifying for this weekend’s Gatornationals.

During Sunday’s quarterfinals of eliminations, Force’s teammate (and son-in-law and president of John Force Racing) Robert Hight squared off with fellow Funny Car driver Matt Hagan.

As the duo closed in on the finish line, both cars experienced spectacular motor explosions of their own – virtually side-by-side and nearly at the same time.

Hight’s car was the first to explode, tossing its body high in the air. A split-second later, Hagan’s car exploded, also sending the body flying.

Check out the NHRA video:

Hight wound up losing the race.

Hagan, meanwhile, and his crack pit crew rolled their backup car off the hauler, put in a new motor and went on to race through the semifinals and into the finals, losing to race winner “Fast Jack” Beckman.

“We had a pretty great race day, to be honest,” Hagan said. “I’ve never been to the finals in Gainesville.

“We obviously had a huge blow up in the second round, then to watch these guys pull the other car back out and put it together in the amount of time they had, then turn a win light on against Capps (Don Schumacher Racing teammate Ron Capps in the semifinals), then to be able to go to a final, it was huge and it speaks for itself.”

As for Hight, here’s his take on what happened with the motor explosion:

“I couldn’t see (Hagan) over there and it wasn’t like it was hazing the tires or anything else. As it turns out it wasn’t spinning at all. It kicked two rods out when it blacked the bearings in the crank then it hit the valves and blew up.

“The thing gave me no indication at all before that. What really scared me was once I got it under control and I look over and see his body is off his car. I am thinking ‘Oh man, he got gathered up in me.’ Then I stood up and looked and his injector was sideways so I realized he had an explosion as well. We are just lucky we didn’t get into each other.”

As for the guy who has had so much trouble in the motor department, John Force, he lost in the first round of Sunday’s eliminations to daughter Courtney Force.

John Force planned on shutting the motor off on his car at around the 700-foot mark of the 1,000-foot dragstrip, not wanting to risk another motor explosion – even though it meant a likely loss to his daughter.

Now John Force and his entire four-car team, including Courtney Force, Robert Hight and daughter and Top Fuel driver Brittany Force, will be off for extensive testing to try and determine what’s been causing the motor explosions.

“We have to evaluate it and go test,” Force said. “We’ll figure it out.”

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