But talks were going in a different direction, and as one F1 insider put it on Friday night: 'It is clear that Aston are now Mercedes' B team.'. Wolff's move appears to have ended the intrigue which has swirled since his friend Lawrence Stroll, the Canadian fashion mogul, took over Aston earlier this year. Wolff last had in the interview with the daily newspaper 'Austria' explains that he will “not have a strategic investment as an investor with Aston Martin.”. For the Daimler Group, Wolff's commitment does not represent a conflict of interest. ", Wolff is currently in discussions with Mercedes about extending his contract to remain at the German car manufacturer. Mercedes F1 team principal Toto Wolff has bought a stake in Aston Martin. In plain language means: Daimler can effectively block new investors at Aston Martin – or leave the partnership with three years' notice. Bottas' riddle has been solved: there was a temperature difference of ten degrees, Martin Brundle: In reward of Lewis Hamilton and handing over the Portuguese GP verdict “What Lewis continues to serve out is a Herculean effort and an prominent performance by any metric for any sports particular person in history, in my understanding”, Bother Changes at some stage in the 2020 Portuguese Mountainous Prix, Lap time distribution of the 2020 Portuguese Extensive Prix, Formula 1 has become a hostage of Lewis Hamilton, Kimi Räikkönen – Champion of transparency, F1 TEST: Test your reaction time at the start of the Formula 1 race…, Movies about racing cars: The good and the not so good, Kimi staring at his first lap alongside with his son Robin [Instagram:mintturaikkonen].

Daimler is now Aston Martin's largest supplier and, as confirmed in Aston Martin's latest prospectus last week, has had a veto over any future investment partners. Used to be Wolff's future as team boss at Mercedes, by the way, no decision has yet been made. We are working with them to enable your sports experiences again as quickly as possible. The German automobile manufacturer has with Aston Martin 2013 concluded a contract for the delivery of motors, electrical components and infotainment systems. There is an apparent conflict of interest in Wolff having a toe in Aston Martin while running Mercedes F1, in whom he has a 30 per cent slice. Wolff has been considering a private purchase of Aston Martin shares.

“I believe in the brand, I believe that the strategy makes sense. Daimler struck a deal in 2013 to receive what was then 5% of shares (non-voting) in exchange for supplying its next generation of cars with high-performance engines and electronic components. Racing-Elite.com is new professional F1 and motorsport platform. Wolff joined Mercedes in 2013, having previously been executive director at Williams. Wolff's investment was made with the blessing of the Daimler board in Stuttgart.

Mercedes boss Toto Wolff has bought a £37million stake in the British company Aston Martin.

Our data provider is having technical issues, live scoring and stats are impacted. “. ", Wolff is currently in discussions with Mercedes about extending his contract to remain at the German car manufacturer. His contract expires at the end of the year. While Wolff has repeatedly denied that he will take a formal role at the British sportscar manufacturer, amid speculation he could become CEO, buying shares as an investment has long been on the table. Mercedes – Last victory: Abu Dhabi Grand Prix 2019 with Lewis Hamilton Photo gallery. Racing Point Mercedes F1 chief Toto Wolff has purchased shares in Aston Martin Lagonda, the iconic British automotive brand which will return to …

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. }(document, 'script', 'facebook-jssdk')); Official: Toto Wolff joins Aston Martin as a shareholder, Good friends: Lawrence Stroll, from Monday Chairman of AML, and Toto Wolff, 1. Mercedes Formula 1 boss Toto Wolff has made a personal investment in Aston Martin, Motorsport.com has learned, but he remains fully committed to his current role at the title-winning team. This also makes it clear:” It is a financial investment , and Toto's partnership and his executive role at Mercedes remain unaffected by the transaction. Mercedes Formula One boss Toto Wolff has purchased a reported £37m stake in British sportscar maker Aston Martin, whose executive chairman …

The now confirmed transaction is officially called a “personal investment”. fjs.parentNode.insertBefore(js, fjs); Such an investment would seem unusual considering his role at Mercedes, and given that Aston Martin is primary sponsor of F1 rival Red Bull Racing, but the German car manufacturer’s parent company Daimler is a long term shareholder in Aston Martin, so there is no conflict of interest. This corresponds to more than 42 million euros. Wolff is said to be good friends with Lawrence Stroll, who officially announced his new situation as CEO on Monday at Aston Martin, when AML is listed on the London stock exchange. Here you can read latest news and columns about your favourite sport, analysis of races, watch videos, participate in quizzes and much more. Required fields are marked *, LIKE WHAT YOU'RE READING?subscribe to our top stories. Wolff thus has options over a total volume of 4, 77 percent of Aston Martin shares secured. This opportunity is there, of course,” remarked Toto Wolff. (function(d, s, id) { The Humble One! js = d.createElement(s); js.id = id; Team principal of the Mercedes Formula 1 team Toto Wolff has bought shares in the British sportscar manufacturer Aston Martin. Motorsport.com, With Lawrence Stroll and Formula One, a new era for Aston Martin comes into focus, https://uk.motor1.com/news/410391/wolff-buys-shares-in-aston-martin/, Wolff has been considering a private purchase of Aston Martin shares, Rolls-Royce’s illuminated Spirit Of Ecstasy banned by European Union, Mercedes-AMG GT Black Series has broken the Nurburgring record - report, Verstappen: 'Not my problem' if people offended by radio slurs, Volkswagen ID.3 scores five stars in more demanding Euro NCAP test. Partner of USA Today Sports Digital Properties, Queensland to ease non-essential travel, Focus RS axed | Daily Auto Fix, https://racer.com/2020/04/18/wolff-buys-shares-in-aston-martin/, Double points would have added drama but not changed the title outcome, Rain pushes Texas 500 restart back another day, EVO links up with Andretti Autosport to launch fan-funded athlete support program, MX-5 Cup top performers honored with end-of-season awards, Fugle to serve as crew chief for Byron in 2021, Road to Indy distributes over $1M in end of season awards. We are no longer accepting comments on this article. The now confirmed transaction is officially called a “personal investment”. ", Source: But a spokesman for Wolff has told Sportsmail that the Austrian is totally committed to remaining in charge of Mercedes - confirmation that makes six-time world champion Hamilton more likely to agree a new contract to stay. I love sports and this team. He had previously distanced himself from Aston, though his spokesman insisted that he only ever ruled out an operational role there.

It’s about the performance on the track. Stroll is a friend of Wolff's, and his Racing Point team has a close alliance with Mercedes as one of its customer teams.