Wolff 'emotional' after selling final shares in Williams

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Mercedes executive director Toto Wolff says he is "emotional" after selling his final shares in Williams.

Wolff became a shareholder at Williams in 2009, but has since been selling off his shares since joining Mercedes in 2013. The Austrian says he learned a lot during his time at Williams and is sad his links with the team have now come to an official end.

"I am surprised how emotional I am about this day, to be cutting my final business ties to Sir Frank Williams and to the team at Williams," Wolff said.

"Having entered the team from a pure investment perspective, I soon found myself in a much more active role, helping to restructure this great independent F1 team.

"I am proud to have joined the sport with a team of true passionate racers, where we had to make spot-on decisions for the future of the business and its employees; I learned some lessons the hard way, but they were all valuable for understanding the industry."

Wolff's final shares have been purchased by US businessman Brad Hollinger, who was already a shareholder and increases his stake in Williams to 15%.

"Given his role at Mercedes-Benz, a full divestment in Toto's shareholding became inevitable and we thank him for this judiciousness in only selling to a suitable buyer when the time was right," team founder Sir Frank Williams said.

"In Brad Hollinger, Toto has sold his full shareholding to a highly successful businessman with an immense passion for Formula 1 and our team - he is a great asset."

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