The Williams F1 team has been acquired by USA-based investment firm Dorilton Capital, in a deal that both parties say will ensure its survival and “provide a path to success.”
Earlier this year, Williams had announced that it was considering selling its F1 team after reporting a loss of GBP 13 million last year. However, with F1’s new financial and technical rules coming in, deputy team principal Claire Williams and CEO Mike O’Driscoll insisted that Williams has a realistic prospect of a historic revival, and even a return to the front of the grid.
- Williams F1 team acquired by American investment firm Dorilton Capital
- There will be no change of operations at Williams
- The deal is well-timed, coming ahead of the introduction of F1’s sweeping rules changes
What happens to the Williams brand in F1?
Despite being taken over by Dorilton Capital, there are no…