News Details
Williams sale puts team first - Claire Williams
Williams deputy team principal Claire Williams says making the Formula 1 team successful again and securing its future were central to its sale to Dorilton Capital. It was announced on Friday morning that Williams has been sold to the U.S.-based private investment firm, taking on the F1 business, the remaining minority stake in Williams Advanced Engineering and all other trading assets and liabilities for 152 million ($179.5m). Williams sees the sale as the right deal at the right time, with F1’s new Concorde Agreement set to significantly level the playing field for teams from a financial point of view. “The Strategic Review was a useful process to go through and proved that both...
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