Williams Sells Off A Chunk

[NismoZ]

Between 10 and 49% (sold a minority stake) to Toto Wolff an Austrian rich guy racer who can bring sponsorship. Guess he needed money. Frank still in charge. Autosport.

[pchall]

Sir Frank is sixty-seven now. Perhaps he just wants to bank a bit extra as he prepares to roll off into the sunset.

[NismoZ]

Yes, says he's never taken a penny out the operation in 40 yrs. and there are a couple of private needs he wants to take care of. Yeah, me too...food and shelter. Looking for sponsorship.

[emjaya]

So if Frank owns 70% of Williams and Patrick Head owns the other 30%, where is Toto's 10 to 49% comming from?

[eiregosod]

Yes, says he's never taken a penny out the operation in 40 yrs. and there are a couple of private needs he wants to take care of. Yeah, me too...food and shelter. Looking for sponsorship.

compare with a guy like eddie Jordan who took about 50m pounds out of Jordan GP, incl 25m he pocketed from honda so they could buy engines.

the records of the two teams speak for themselves