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
Load comments
The “glorified taxi” driver central to F1’s continued safety push Plus

The “glorified taxi” driver central to F1’s continued safety push

As the driver of Formula 1’s medical car, Alan van der Merwe’s job is to wait – and hope his skills aren’t needed. JAMES NEWBOLD hears from F1’s lesser-known stalwarts

Formula 1
Jan 15, 2022
When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push Plus

When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push

There was an ace up the sleeve during the 1983 F1 title-winning season of Nelson Piquet and Brabham. It made a frontrunning car invincible for the last three races to see off Renault's Alain Prost and secure the combination's second world title in three years

Formula 1
Jan 13, 2022
How “abysmal” reliability blunted Brabham’s first winner Plus

How “abysmal” reliability blunted Brabham’s first winner

Brabham’s first world championship race-winning car was held back by unreliable Climax engines – or so its creators believed, as STUART CODLING explains

Formula 1
Jan 10, 2022
The steps Norris took to reach a new level in F1 2021 Plus

The steps Norris took to reach a new level in F1 2021

Lando Norris came of age as a grand prix driver in 2021. McLaren’s young ace is no longer an apprentice or a quietly capable number two – he’s proved himself a potential winner in the top flight and, as STUART CODLING finds out, he’s ready to stake his claim to greatness…

Formula 1
Jan 9, 2022
The original F1 maestro who set the bar for Schumacher and Hamilton Plus

The original F1 maestro who set the bar for Schumacher and Hamilton

Juan Manuel Fangio, peerless on track and charming off it, established the gold standard of grand prix greatness. NIGEL ROEBUCK recalls a remarkable champion

Formula 1
Jan 8, 2022
How Russell sees his place in the Mercedes-Hamilton F1 superteam Plus

How Russell sees his place in the Mercedes-Hamilton F1 superteam

George Russell joining Lewis Hamilton at Mercedes this year gives it arguably the best line-up in Formula 1 – if it can avoid too many fireworks. After serving his apprenticeship at Williams, Russell is the man that Mercedes team believes can lead it in the post-Hamilton era, but how will he fare against the seven-time champion? Autosport heard from the man himself

Formula 1
Jan 6, 2022
How F1 pulled off its second pandemic season and its 2022 implications Plus

How F1 pulled off its second pandemic season and its 2022 implications

OPINION: The Formula 1 season just gone was the second to be completed under the dreaded shadow of the COVID-19 pandemic, but in many ways it was much more ‘normal’ than 2020. Here’s the story of how the championship’s various organisers delivered a second challenging campaign, which offers a glimpse at what may be different next time around

Formula 1
Jan 5, 2022
The adapt or die mentality that will shape F1's future Plus

The adapt or die mentality that will shape F1's future

As attitudes towards the motor car and what powers it change, Formula 1 must adapt its offering. MARK GALLAGHER ponders the end of fossil fuels

Formula 1
Jan 3, 2022