Formula 1

Szafnauer Plays Down The Likelihood of Wolff Joining Racing Point

1 Mins read
Credit: Octane Photographic Ltd.

BWT Racing Point F1 Team boss Otmar Szafnauer has played down the chances of Toto Wolff having a role at the team once they become Aston Martin.

Wolff, the Team Principal at Mercedes AMG Petronas, has made a personal investment in Aston Martin during the F1 hiatus, seeing him hold 0.95% of the company.

In January, Lawrence Stroll, the father of driver Lance Stroll, took a large share of the company which would see Racing Point transform to a works team next season.

With the investment by Wolff and Aston Martin coming to F1, it was suggested he could leave the Silver Arrows, whom he has won multiple Formula 1 World Championships with.

However, he made it clear within the short term the German will not leave the team, who took the 2019 FIA Formula 1 World Championship with Lewis Hamilton.

Szafnauer, also down played the rumours, as he spoke to SkySports F1, explaining his belief that Wolff will play a different role with the British car brand. He praised Wolff, but conveyed his opinion in the two companies:

He’s done an amazing job at Mercedes, but I can’t see him having a stake in our team for example,

The road car company, having shares in that is completely different than having shares in a loss-making Formula 1 team.

But the Racing Point CEO made it clear he does not know everything. Saying the last time he could speak to the German was the 2020 Formula 1 Australian Grand Prix, before its cancellation.

I haven’t spoken to him in six or seven weeks since the Australian Grand Prix. I’ve seen him on a couple of these Zoom calls, but I haven’t asked him that question,

But knowing Toto like I do, I think he’s absolutely right, it was a good time to buy if you look at the share price and the trend.

Toto’s pretty smart at that stuff, I think he’s made a little bit of money in these type of things, and I wouldn’t doubt what he says. I think he’s absolutely right, good time to buy.

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