Williams looking for fresh investment and considers selling stake
Contract with title sponsor Rokit has been terminated
However, the team reiterates it’s ready to resume racing in 2020
The Williams F1 team has revealed that it has commenced a “formal sale process” after the company reported a loss of GBP 13 million (Rs Rs 121 crore) last year. While no decision has been made as yet, Williams is considering selling a minority or majority stake in the team.
Is this end of the road for Williams in F1?
A statement released by Williams says it is examining a number of options to secure the team’s future. “As part of this new strategic direction, the WGPH [Williams Grand Prix Holdings] board is undertaking a review of all the various strategic options available to the Company,” read the statement.
“Options being considered include,…