Toto Wolff acquired a stake in Aston Martin, paying £ 37 million for it, but intends to remain the head of the Mercedes team.
According to the Daily Mail, the representative of Wolff confirmed this, therefore, it is likely that Lewis Hamilton will agree to extend the contract and also remain in the champion team. The London newspaper also writes that the share of shares acquired by Wolff is 4.77%, however, the deal will be finalized only next week.
“This is a financial investment,” said the representative of the Austrian manager. “The deal will not affect Toto’s collaboration with Mercedes and its leadership roles in this team.”
It can be expected that this statement will put an end to the many rumors that appeared after Lawrence Stroll acquired control of Aston Martin: since he has friendly and business relations with Wolff, there was talk that the Austrian could lead the Aston Martin factory team, which will appear in Formula 1 in 2021 after renaming Racing Point.
Some experts and even such an informed person as Bernie Ecclestone, the former head of the championship management, allowed this. The fact that in March Wolff did not participate in an important meeting of the leaders of the Formula 1 teams, because at that time he was returning from Australia after the canceled Grand Prix with Stroll, only fueled such rumors.
In addition, it is noted that, since Wolff also owns 30% of the Mercedes team, a conflict of interest arises, although he invested in Aston Martin with the approval of the board of directors of Daimler.
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