After struggling at the back of the grid for the last few years, the Williams F1 team recently revealed that it had commenced a formal sale process and is considering selling all or part of the company.
As the iconic British team reveals its new livery, having terminated its contract with sponsor Rokit, deputy team principal Claire Williams and CEO Mike O’Driscoll have spoken to our sister publication Autocar UK to outline a bold recovery plan.
Could Williams leave F1 entirely?
Williams happens to be one of the most successful teams in F1. But after reporting a GBP 13 million loss for 2019, the team announced an immediate review of operations and an urgent search for new investment. It said that in the worst case scenario, this could lead to the team’s outright sale to a new owner, raising the prospect of the departure of the Williams name from F1 after more than 40…