"Serious" people considering Williams F1 team investment - Brawn

Formula 1 managing director of motorsport Ross Brawn says that Williams has "fairly serious people" considering an investment in the team as it looks to improve its chances of survival

"Serious" people considering Williams F1 team investment - Brawn

Last week Williams confirmed that it is actively seeking new funding, and that it was potentially for sale as a complete entity.

However deputy team principal Claire Williams has insisted that the Grove outfit has the funds with which to contest the 2020 season.

It recently arranged loans that pumped £28m into the organisation.

The co-incidental timing of the end of the current Concorde Agreement means that all 10 teams have to be confident in their future prospects in order to sign a new deal.

McLaren boss Zak Brown cautioned in April that several team might not survive the COVID-19 crisis without help from future rule changes.

Those rule changes have now been made, and Brawn is confident that all current teams will now be able to commit to the future, including Williams.

"I think without the things we did it would have been much more worrying, but it's pretty stable," Brawn told Autosport.

"The Williams situation has got to be dealt with, but there's been some fairly serious people looking at Williams, and I think it shows that there's a decent model behind it to make it a serious consideration."

Brawn conceded that he has a soft spot for Williams, having started his career in F1 with the team, but stressed that the organisation will have to undergo change.

"It's a team with fantastic heritage, and obviously I do have a soft spot for them.

"The reality is that F1 is pretty brutal, and you're measured every two weeks on the track, or every week as will be the case in the next few months.

"There's no hiding place. Quite honestly, if you finish last, as they have for the last few years, there's going to be a consequence. And now unfortunately they've reached that point.

"Whoever goes in there needs to look at the fundamental reasons why they've not been able to perform, and whether it is just finance, or the structure they've got, or the approach they've taken. I honestly don't know.

"But it needs that understanding. It may just be financial, and with extra financial support they can be more competitive, and it needs someone to go in there and try to understand what's going on."

The McLaren Group is also looking for new funding, and Brawn admitted that having two famous names in a similar situation was not a great look for the sport.

"It's not, but we've done everything we could to put that right, and they just need to get back on the road again.

"Both teams have had poor performance. If McLaren had been winning championships and were in the condition they are in you'd say there is something very wrong with F1.

"But in reality McLaren have been pretty poor for the last few years, and F1 is brutal, as I say.

"There are no free rides in F1, and if you perform at that level for several years you pay a consequence, you lose sponsors, you don't get the prize money you used to get, and it becomes a bit of a vicious spiral.

"If those were great teams that were stopping you'd have to look at what's wrong here?

"But you're actually looking at two teams which have underperformed for several years."

shares
comments
How do you set up an F1 car and other racing machines?

Previous article

How do you set up an F1 car and other racing machines?

Next article

F1 News: Hungarian GP will remain on calendar through 2027

F1 News: Hungarian GP will remain on calendar through 2027
Load comments

About this article

Series Formula 1
Teams Williams , Brawn GP
Author Adam Cooper
The car Aston Martin begins its new F1 journey with Plus

The car Aston Martin begins its new F1 journey with

The team formerly known as Racing Point gambled successfully on a Mercedes look-alike in 2020 as it mounted a strong challenge for third in the constructors' race and won the Sakhir GP. Now clothed in British racing green, Aston Martin's first Formula 1 challenger since 1960 provides the clearest indicator yet of what to expect from the new-for-2021 regulations

The driver problems facing Mercedes in 2021 Plus

The driver problems facing Mercedes in 2021

Ahead of the new Formula 1 season, reigning world champions Mercedes will take on challenges both old and new. This also can be said for its driver conundrum which could become key to sustaining its ongoing success

Formula 1
Mar 2, 2021
How Alpine's cure to 2021 F1 rules starts at the front Plus

How Alpine's cure to 2021 F1 rules starts at the front

A new name, new faces and new colours pulls the rebranded Alpine Formula 1 team into a new era while carrying over core elements of its 2020 car. But under the surface there's more than meets the eye with the A521 which hints at how the team will tackle 2021

Formula 1
Mar 2, 2021
Can Mercedes' W12 retain the team's crown? Plus

Can Mercedes' W12 retain the team's crown?

Replacing Formula 1's fastest car was never going to be an easy feat for Mercedes. Amid the technical rule tweaks to peg back the W12 and its 2021 rivals, the new Mercedes challenger will remain the target to beat

Formula 1
Mar 2, 2021
The big F1 questions of 2021 Plus

The big F1 questions of 2021

After an unprecedented season last year, there are plenty of questions and storylines for the upcoming Formula 1 campaign. Sky Sports F1 pundit Karun Chandhok gives his verdict

Formula 1
Mar 1, 2021
The pointed note that starts Ferrari's Leclerc vs Sainz era Plus

The pointed note that starts Ferrari's Leclerc vs Sainz era

Ferrari is starting its post-Sebastian Vettel age by welcoming Carlos Sainz Jr in alongside Charles Leclerc. But while Sainz has a tough challenge to match his new team-mate, Ferrari is also sending a message that previous intra-team spats must end

Formula 1
Mar 1, 2021
The mantra Ocon must follow to challenge Alonso Plus

The mantra Ocon must follow to challenge Alonso

OPINION: It's been an uneasy ride for Esteban Ocon since his F1 comeback - and fresh challenges lie in wait as he's joined by double world champion Fernando Alonso in the newly rebranded Alpine team. STUART CODLING sets out a roadmap to success

Formula 1
Feb 28, 2021
How McLaren’s new investors have already made an impact Plus

How McLaren’s new investors have already made an impact

OPINION: The deal McLaren concluded with MSP Sports Capital last year which will help the cash-strapped Formula 1 team pay for much-needed infrastructure upgrades, also points toward the future for F1 itself, says STUART CODLING

Formula 1
Feb 27, 2021