November 20, 2009 / 9:00 AM / 8 years ago

Williams F1 team sells stake to Austrian investor

LONDON (Reuters) - Founders Frank Williams and Patrick Head have sold a minority interest in their Williams Formula One team to an investment company led by Austrian Toto Wolff, the former champions said in a statement Friday.

<p>Williams Formula One driver Nico Rosberg of Germany drives during the third practice session of the Singapore F1 Grand Prix at the Marina Bay street circuit September 26, 2009. REUTERS/Russell Boyce</p>

Wolff, who founded his Marchsixteen investments in 2004, will join the Williams board. No financial details were given about the sale.

Reporting by Alan Baldwin

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