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

Adrian Newey & F1 stars help racing legend have life-saving operation

Adrian Newey & F1 stars help racing legend have life-saving operation

  • 33 minutes ago
F1 Odds: Monaco Grand Prix favourites with Lewis Hamilton tipped to end long wait for victory

F1 Odds: Monaco Grand Prix favourites with Lewis Hamilton tipped to end long wait for victory

  • 1 hour ago
F1 Store slashes prices on 2026 kit worn by Lewis Hamilton

F1 Store slashes prices on 2026 kit worn by Lewis Hamilton

  • 1 hour ago
F1 is killing itself as Monaco Grand Prix change highlights huge problem

F1 is killing itself as Monaco Grand Prix change highlights huge problem

  • 2 hours ago
Lance Stroll takes Aston Martin F1 team out for meal after Canadian GP disaster

Lance Stroll takes Aston Martin F1 team out for meal after Canadian GP disaster

  • 3 hours ago
FIA to issue Monaco Grand Prix speed limit for F1 drivers

FIA to issue Monaco Grand Prix speed limit for F1 drivers

  • Today 10:57

Just in

15:12
Adrian Newey & F1 stars help racing legend have life-saving operation
14:27
F1 Odds: Monaco Grand Prix favourites with Lewis Hamilton tipped to end long wait for victory
13:46
F1 Store slashes prices on 2026 kit worn by Lewis Hamilton
12:56
F1 is killing itself as Monaco Grand Prix change highlights huge problem
11:55
Lance Stroll takes Aston Martin F1 team out for meal after Canadian GP disaster
F1 news

Recommended by the editors

Adrian Newey & F1 stars help racing legend have life-saving operation Racing News

Adrian Newey & F1 stars help racing legend have life-saving operation

33 minutes ago
F1 is killing itself as Monaco Grand Prix change highlights huge problem F1 Analysis

F1 is killing itself as Monaco Grand Prix change highlights huge problem

2 hours ago
FIA to issue Monaco Grand Prix speed limit for F1 drivers Monaco Grand Prix

FIA to issue Monaco Grand Prix speed limit for F1 drivers

Today 10:57
Have the worst F1 team on the grid just become good? Alpine

Have the worst F1 team on the grid just become good?

Today 09:57
Ontdek het op Google Play
x