Williams talking to "high quality" potential F1 team investors

Williams deputy team principal Claire Williams says that the Grove outfit is still talking to "high quality" potential investors and buyers into the Formula 1 squad

Williams talking to "high quality" potential F1 team investors

Williams formally announced at the end of May that it is actively looking for new investors, and would even consider an outright sale of F1's third oldest team.

Her words echo those of F1 boss Ross Brawn who said last month that "serious people" were looking at the team, and that he was optimistic about the chances of a deal being concluded.

Nicholas Latifi's father Michael, who earlier this year agreed to provide the team with a loan to help get it through its cash crisis, is understood to be among those who are considering a stake.

Williams says that the process of assessing the various options is ongoing.

PLUS: The ticking clock behind Williams's potential team sale

"We're happy with the process and how it is going so far," she said when asked by Autosport. "We have received a number of very interesting potential investors, and we're talking to those at the moment. They are high quality, which we're delighted about.

"And we continue to go through that process at the moment. As we said at the start of it we anticipated that it will last anywhere from three to four months, and we're still on that timeline at the moment."

Williams also confirmed that an outright sale still hasn't been ruled out yet: "The parameters haven't changed. As everybody knows, Williams is a listed company, we have to operate as per the takeover code and panel, and the guidelines that the dictate, that's why the strategic review process is as it is.

"We're looking either for investment into the team, the divestment of a minority or a majority shareholding, or a full sale.

"We're still thinking along any of those lines. The options are available to us, and it will be the board's decision as to the best option that is put on the table."

Williams has endured a tough couple of seasons in F1, finishing bottom of the constructors' world championship in 2018 and 2019.

shares
comments
Ranking the 10 best motorsport books about cars and their designers
Previous article

Ranking the 10 best motorsport books about cars and their designers

Next article

Styrian GP: Verstappen leads second F1 practice, Ricciardo crashes out

Styrian GP: Verstappen leads second F1 practice, Ricciardo crashes out
How departing F1 boss Brawn views F1’s new rules - and the future Plus

How departing F1 boss Brawn views F1’s new rules - and the future

Multiple-title-winning designer and team boss Ross Brawn is finally leaving Formula 1 after nearly 50 years in motorsport. But he still has plenty of insights on what’s working and what comes next, as he revealed to Autosport in a far-reaching exclusive interview in Abu Dhabi

Formula 1
Dec 2, 2022
The key F1 management call Ferrari must make to avoid more defeat Plus

The key F1 management call Ferrari must make to avoid more defeat

OPINION: Mattia Binotto’s departure from Ferrari will naturally bring a range of changes across the Formula 1 team. But how the changes shape up and the impact they could have is set to be dictated by a key direction Ferrari’s top dogs will need to pick

Formula 1
Nov 30, 2022
The difference between Mercedes’ stumble and the fall of F1 giants Plus

The difference between Mercedes’ stumble and the fall of F1 giants

OPINION: Mercedes endured its worst season of the hybrid Formula 1 era, but was mercifully spared its first winless campaign in over a decade late on. It has owned up to the mistakes it made which led to its troubled W13. And while its task to return to title-challenging contention is not small, its 2022 season seems more like a blip than the beginning of a downward spiral.

Formula 1
Nov 29, 2022
The physical focus bringing out the best of an F1 midfield star Plus

The physical focus bringing out the best of an F1 midfield star

Esteban Ocon likes to point out he’s the first driver since Lewis Hamilton to emerge from a spell as Fernando Alonso’s team-mate with a superior overall points record. While some may disagree, as LUKE SMITH discovered, the 2021 Hungarian GP winner reckons it’s not just luck which has made him France’s pre-eminent Formula 1 driver of the moment…

Formula 1
Nov 28, 2022
How Red Bull's dynamic leader shaped its F1 philosophy Plus

How Red Bull's dynamic leader shaped its F1 philosophy

The death of Dietrich Mateschitz last month has not only deprived Red Bull of its visionary founder, it has shorn Formula 1 of one of its most influential benefactors. Mateschitz himself was famously media-shy, preferring to let the brand do the talking on his behalf. And, while it’s now normal to speak of Red Bull F1 titles and champions made, Mateschitz never assumed it would be easy or even possible – as ANTHONY ROWLINSON discovered during this previously unpublished interview from 2006…

Formula 1
Nov 27, 2022
Can Mercedes break Formula 1's cycle of doom? Plus

Can Mercedes break Formula 1's cycle of doom?

OPINION: Teams that have dominated for long periods throughout Formula 1's history often take years to get back to the top of the tree once they've slipped down. But it remains to be seen whether the same will happen to Mercedes after a challenging 2022 season

Formula 1
Nov 24, 2022
What hurt Perez most in his ill-fated fight for second in Abu Dhabi Plus

What hurt Perez most in his ill-fated fight for second in Abu Dhabi

Arguably the favourite in the battle to finish second best in 2022's Formula 1 standings, Sergio Perez's two-stop strategy at Abu Dhabi couldn't take him ahead of Charles Leclerc when the music stopped - and several key factors ultimately precluded him from the much-coveted runner-up spot

Formula 1
Nov 23, 2022
The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success Plus

The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success

OPINION: Charles Leclerc achieved his target of sealing runner-up in the 2022 world championship with a masterful drive behind Max Verstappen in Abu Dhabi. And that race contained key elements that may help him, and Ferrari, go one better in Formula 1 2023

Formula 1
Nov 22, 2022