close global

Welcome to GPFans

CHOOSE YOUR COUNTRY

  • NL
  • GB
  • IT
  • ES-MX
  • US
  • GB

Are you a F1 Fan? Follow GP Fans

Edition

NL GB IT ES-MX US

Aston Martin receives £37m investment from Toto Wolff

Photo: © LAT Images

Aston Martin receives £37m investment from Toto Wolff

Mercedes team boss purchases shares in the Aston Martin brand

Mercedes team principal Toto Wolff has purchased a £37 million stake in the Aston Martin brand.

While the amount concerned may seem like a large investment, Wolff has purchased a 0.95% stake in Aston Martin, and this is not a move that should be viewed as the first step of his rumoured move to Racing Point, the team that will become Aston Martin, for the 2021 season.

In fact, Mercedes and Aston Martin already have a large crossover, with Mercedes parent company Daimler owning a 5% stake in the company without any voting powers.

It has been suggested that this new investment could cause a conflict of interests for the Austrian but, with Mercedes supplying engines and gearboxes to Racing Point, and with Daimler having signed of approval for Wolff's investment, all appears to be above board for now.

In March, former Formula 1 boss Bernie Ecclestone told GPFans that he could see Wolff linking up with his good friend Lawrence Stroll at Racing Point/Aston Martin, but Wolff has since denied these theories.

“I’m in the eighth year now," Wolff told the Austrian media. "I love sports and this team. However, I am somewhat surprised by the turn of events over the winter and by the behaviour of individual people.

“Of course, this also has to do with my decision on what to do in 2020 and beyond. But I am and will remain the head of Mercedes Motorsport and F1 boss, and nothing will change in the short term.”

Related

More F1 news

Latest F1 news

F1 pundit claims fans have 'backbone of a dead salmon'

F1 pundit claims fans have 'backbone of a dead salmon'

  • 27 minutes ago
Lewis Hamilton Ferrari swap put on hold

Lewis Hamilton Ferrari swap put on hold

  • 1 hour ago
Shock F1 star at centre of Max Verstappen replacement talks

Shock F1 star at centre of Max Verstappen replacement talks

  • 2 hours ago
'Morning Vankahs': Inside F1 legend Guenther Steiner's Italian hotel

'Morning Vankahs': Inside F1 legend Guenther Steiner's Italian hotel

  • 3 hours ago
Lance Stroll handed staggering 12 penalties during F1 break

Lance Stroll handed staggering 12 penalties during F1 break

  • Today 15:27
Bahrain Grand Prix Cancelled: Why was race called off and who wins?

Bahrain Grand Prix Cancelled: Why was race called off and who wins?

  • Today 13:55

Just in

19:57
F1 pundit claims fans have 'backbone of a dead salmon'
18:54
Lewis Hamilton Ferrari swap put on hold
17:56
Shock F1 star at centre of Max Verstappen replacement talks
16:42
'Morning Vankahs': Inside F1 legend Guenther Steiner's Italian hotel
15:27
Lance Stroll handed staggering 12 penalties during F1 break
F1 news

Recommended by the editors

F1 pundit claims fans have 'backbone of a dead salmon' Latest F1 News

F1 pundit claims fans have 'backbone of a dead salmon'

27 minutes ago
Lewis Hamilton Ferrari swap put on hold Lewis Hamilton

Lewis Hamilton Ferrari swap put on hold

1 hour ago
Shock F1 star at centre of Max Verstappen replacement talks Red Bull

Shock F1 star at centre of Max Verstappen replacement talks

2 hours ago
'Morning Vankahs': Inside F1 legend Guenther Steiner's Italian hotel F1 Off The Track

'Morning Vankahs': Inside F1 legend Guenther Steiner's Italian hotel

3 hours ago
Ontdek het op Google Play
x