Formula 1: Williams offers his Team up for sale

The Williams Team is looking for a buyer. On Friday in Frankfurt/Main stock exchange quoted Williams Grand Prix Holding PLC announced that the company, mainly d

Formula 1: Williams offers his Team up for sale

The Williams Team is looking for a buyer. On Friday in Frankfurt/Main stock exchange quoted Williams Grand Prix Holding PLC announced that the company, mainly due to substantial financial losses in fiscal year 2019 for sale. Would checked multiple options, including the sale of a Minimum or complete sale.

Concrete discussions with potential buyers have not given it yet, said the Chairman of the Board of the Grand Prix, Holding, Mike O'driscoll, in an official Statement of the team. It is only the first informal talks with potential investors had been led. In the context, the Team also announced the decision of immediate separation from the main sponsor ROKiT.

participation in The season 2020 is not compromised by the new development, stated that it was, rather, a "right and prudent step in order to gain time to Think". For Williams, the British Toptalent George Russell and the canadian Nicholas Latifi to.

Frank Williams and Patrick Head founded the Team in 1977, since then it was always under the control of the Williams family. As before, the since a traffic accident in 1986, the wheelchair-bound Frank Williams as team boss 51 percent of the shares, his Deputy since 2013, his daughter Claire Williams. The last of seven Williams-the world since 1980, the canadian Jacques Villeneuve was a master in 1997.

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Updated Date: 30 May 2020, 04:26

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