News Details
Williams completes refinancing process with consortium of lenders
Williams has announced that it has completed a refinancing process of its F1 team with a consortium of lenders that includes Michael Latifi, the father of its driver Nicholas Latifi. Williams initiated its refinancing at the end of last year when it sold its technology subsidiary Williams Advanced Engineering. The Grove-based outfit has reportedly secured loans from its banking partner HSBC as well as from Latrus Racing, a financial company owned by Canadian billionaire Michael Latifi. Williams puts employees on temporary leave amid COVID-19 crisis Williams has also mortgaged its land and buildings, including its plant and machinery, with security also provided by its vast collection of...
Full Story »
Full Story »
You May Also Be Interested In...
Norris says 'closer' Williams now within midfield...
McLaren's Lando Norris believes his team will need to factor in Williams...
6y ago from F1i.com
Williams puts employees on temporary leave amid...
Williams is the second F1 team after McLaren to put part of its staff on...
6y ago from F1i.com
Mercedes: Production of COVID-19 breathing aid in full...
Mercedes has announced that the design of the breathing aid engineered in...
6y ago from F1i.com
A salute to Britain's first F1 world champion
Mike Hawthorn, Britain's first F1 world champion, was born on this day in...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
How Fabio Di Giannantonio struck a nerve with Pedro...
No description available...
12h ago from Motorsport.com
How winding back the clock helped Fabio Quartararo...
No description available...
14h ago from Motorsport.com
Guenther Steiner: Tech3 2027 MotoGP rider line-up to...
Tech3 team boss Guenther Steiner has revealed that the team will decide...
14h ago from MotorsportWeek.c...
Francesco Bagnaia: "Admirable" Jorge Martin...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou opens Indy 500 practice with fastest time
The first day of IndyCar’s two-week build-up to the Indianapolis 500...
5h ago from MotorsportWeek.c...
Alex Zanardi – a man who overcame loss to become...
Motorsport Week takes a look back at the remarkable career of Alex...
8h ago from MotorsportWeek.c...
Indy 500 Day 1 practice results: Alex Palou leads the...
No description available...
5h ago from Motorsport.com
Scott McLaughlin pushing to avenge last year’s...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
2d ago from Motorsport.com
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
2d ago from Motorsport.com
Thierry Neuville nabs Portuguese win
Sebastien Ogier and Vincent Landais had their eighth Rally de Portugal...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
VAR audio released: Referee ignored “Trossard on...
The PGMOL has released the full audio and transcript from the dramatic...
5h ago from CaughtOffside.com
Arsenal player may have played his final game for the...
Arsenal’s hopes for a historic double have been dealt a significant blow...
8h ago from CaughtOffside.com
PGMO to 'be vigilant' on set-piece grappling after...
Chief refereeing officer Howard Webb says the PGMO will continue to...
9h ago from SkySports.com
Arsenal and Chelsea battle for 50m wonderkid but Real...
Jacobo Ramon has been linked with a move to the Premier League in recent...
10h ago from CaughtOffside.com
Comments
Hottest News
Ex-F1 boss reveals Niki Lauda decision led to abrupt sacking
A former F1 team principal has shed light on how... Read More »
6h ago from GPFans.com
Oscar Piastri sent warning over Red Bull F1 switch: 'I've...
Ever since Oscar Piastri lost out on his maiden... Read More »
7h ago from GPFans.com
George Russell facing Canadian Grand Prix 'crisis' at...
Mercedes F1 star George Russell is at risk of... Read More »
8h ago from GPFans.com
