Williams has a new co-owner with five per cent of the stake bought by US businessman Brad Hollinger, it has emerged in Austria.
Ever since he bought into Mercedes and became the Brackley squad’s boss, Toto Wolff has been looking to sell his 15 per cent Williams stake.
Hollinger is CEO of a company called Vibra Healthcare, and he also founded The Hollinger Group, operating multiple facilities around America.
The BBC quoted Hollinger as saying at the Red Bull Ring that he believes Formula 1 is “right on the cusp of another explosion in growth” through exploitation of social media. (GMM)