This is the second time Toto Wolff has bought a share in Williams. Follow us on Twitter @Planet_F1 and like our Facebook page. “Yeah, we touched base about George,” added Wolff. Mercedes Formula 1 boss Toto Wolff … Since then the Williams family has left Formula 1 and Dorilton Capital has taken over, appointing Simon Roberts as acting team boss. “At the end, it’s Williams’ decision,” Wolff said. Perez said on Thursday that he hoped to have news on his F1 future soon, but refused to be drawn on whether he was in talks with Williams. Mercedes junior driver George Russell’s future at Williams is for the team to decide, says Mercedes team principal Toto Wolff. “We all know about George’s capabilities. It remains to be seen if this is an early sign of more investment to come from Wolff or whether it will be just a timely cash injection to a team who are financially struggling. Mercedes F1 boss Wolff said Russell’s future was entirely up to Williams to decide, and that he could not judge the financial picture the team faced. Toto Wolff concedes it is entirely up to Williams whether they run George Russell next season, Mercedes does not have a say in the matter. “Looking forward to seeing these two continuing to do their stuff with the team next year.”. “It’s nice to see that yesterday the head of Mercedes Toto Wolff bought a five percent stake in Williams F1,” he reported on Twitter. Russell does not bring any financial backing to Williams, which is something that both current teammate Latifi and Perez would be able to offer. “Bring it on 2021,” the team tweeted a picture of Russell and Latifi. “I’m just not going to talk about it,” he told RaceFans. Wolff, who manages Russell, has been in talks with Williams about the driver’s future. Rolls-Royce’s illuminated Spirit Of Ecstasy banned by European Union, Hamilton 'humbled' by Schumacher’s family's gift, Tesla Model 3 nearly sideswiped: intentional road rage caught on cam, Guy Martin joins the EV movement with own Honda e. Wolff confirmed that Mercedes had been in contact with Williams to see where the ground lay regarding Russell’s future since the Perez links emerged. At things stand Mercedes protégé Russell has a three-year contract with Williams with 2021 being the third year. Russell said on Thursday that he had “no concerns” about his future and that he would look to talk to the team’s management this weekend. Wolff, already a shareholder at Mercedes and now also at Aston Martin after recently making an investment in the company following a takeover from his good friend Lawrence Stroll, has now re-added Williams back to his business portfolio. Follow us on Twitter @Planet_F1 and like our Facebook page. “Sometimes he is able to show highlights in a car that is not competitive at the moment. “But then obviously there is a financial reality that I cannot judge at all. Wolff repurchases stake in former team Williams, Williams undergoing a formal sales process. Mercedes Formula 1 chief Toto Wolff says George Russell's future is entirely for Williams to decide amid Sergio Perez's links to his seat for 2021. Wolff also owns a 30% share in Mercedes. His team-mate would be Latifi with Russell shown the door. Advert | Become a Supporter & go ad-free Russell joined Mercedes’ young driver programme in 2017 and made his F1 debut for their customer team last year. Williams announced back in July that Mercedes junior driver Russell would continue into the third year of his contract with the team in 2021, partnering Nicholas Latifi. The team could be heading in the right direction for the first time in a while.. pic.twitter.com/m2tyXjAHX3, — Peter Windsor (@PeterDWindsor) June 5, 2020, He further reported: “Mercedes has pointed out that it is a Security and thus technically not a “buy-back”. Back in July, with the team still under the Williams family’s control, deputy team boss Claire Williams confirmed Russell and Nicholas Latifi for the 2021 season. “Dorilton bought the team, nothing changed with regard to the drivers. “We’ve touched base about George but at the end, like I said, it’s their call,” he added. But a change in ownership in September has led to a fresh review of the team’s driver line-up, with new owner Dorilton Capital considering alternative options. Toto Wolff concedes it is entirely up to Williams whether they run George Russell next season, Mercedes does not have a say in the matter.. At things stand Mercedes protégé Russell has … “We all know about George’s capabilities. And I think he’s a great team asset. Dorilton Capital chairman Matthew Savage was on site at Portimao on Friday, watching practice for the Portuguese Grand Prix. The reports raised questions about whether Wolff and Mercedes could intervene given that the team supplies Williams with its power units. “For the first time in a long time, the team can begin to move in the right direction.”, Good to see that Mercedes' Toto Wolff yesterday bought back a five per cent shareholding in WilliamsF1. Wolff repurchases stake in former team Williams Date published: June 7 2020 Mercedes boss Toto Wolff has made more market moves after repurchasing a five per cent stake in his former team Williams. Mercedes boss Toto Wolff has made more market moves after repurchasing a five per cent stake in his former team Williams. Sometimes he is able to show highlights in a car that is not competitive at the moment, and I think he’s a great team asset. Mercedes F1 boss Toto Wolff has conceded that George Russell’s future at Williams will ultimately be decided by the British squad. He sold 20 per cent to American businessman Brad Hollinger in 2014 and sold the other 10 per cent in 2016. Wolff, though, says the driver line up is Williams’ and Williams’ alone. The news comes in the wake of Williams undergoing a formal sales process, essentially making them open to offers, whether that is through a minority stake, a majority stake, or a full takeover of the company. He’s a star of the future, and remains unbeaten by his teammates in Formula 1 [in qualifying]. Get your hands on the official Williams 2020 collection via the Formula 1 store. Wolff previously had a 30 per cent stake in Williams before he moved to Mercedes. It’s silly season, after all. Home News ‘Russell decision is entirely Williams’ to make’. We’re not saying any more than that.”. It’s absolutely the discretion of the new owners and Simon to decide what they want to do going forward.”. Russell has been part of Mercedes’ junior programme since 2017, and was linked with a move up to its senior team earlier this year prior to its decision to retain Valtteri Bottas, but now faces the possibility of not having a seat at all should Perez be signed to replace him. ‘Russell decision is entirely Williams’ to make’, headed up by soon-to-be-former Racing Point driver Sergio Perez. Motorsport.com, Russell 'not concerned' about Williams future amid Perez links, Wolff: Russell’s Williams F1 future is out of Mercedes’ hands, https://uk.motor1.com/news/450685/wolff-george-russell-williams-mercedes/. “But at the end, like I said, it’s their call.”, Source: “He is a star of the future who remains unbeaten by his team-mates in Formula 1. A Security is ‘a first-priority interest in favour of the Security Agent in respect of all of the shares in such an Owner”.’. Roberts, meanwhile, has refused to confirm or deny the rumours. Mercedes Formula 1 chief Toto Wolff says George Russell’s future is entirely for Williams to decide.
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