Canadian billionaire Stroll targets stake in Williams

Lawrence Stroll

Corriere della Sera has reported that Canadian billionaire Lawrence Stroll may be on the verge of buying into the Williams team.

He would take his son Lance with him to Grove, even though the 16-year-old is currently a part of Ferrari’s driver development academy which is due to be terminated at the end of this season.

Canadian Business magazine reported Stroll was worth $472 million in 2004, earning him a spot on the list of the top 100 richest Canadians.

Stroll, 49, followed in his father’s footsteps of making his fortune in the clothing industry. Leo Stroll, started with the Pierre Cardin line for women and children, then brought Ralph Lauren’s women’s and children’s clothing to Canada.

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In the 1990s, Stroll and his Hong Kong business partner, Silas Chou, who together built Sportswear Holdings Ltd., put their money behind then little-known clothing designer Tommy Hilfiger and turned the brand into a $1.8-billion success.

Meanwhile the Maranello team’s junior academy is headed by Luca Baldisserri, and the Corriere della Sera report claims that he too might move to Williams to mentor Stroll.

But Baldisserri, a prominent Ferrari figure of the Schumacher era, told the Ferrari insider Leo Turrini: “Write that I am not going to Williams.

“It’s not that I wasn’t asked, but I don’t want to. I’m 53 and I finished with working at the grands prix almost seven seasons ago,” he insisted.