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Possible sale of Williams in best interests of the team


By Andrew Hooper
June 2 2020

The Formula One world was shocked by the announcement that the Williams Grand Prix company was entering into the process of formally putting the company up for sale. The process could result in various options ranging from new investors coming into the company through to a complete sale of the company, But despite the indications that all is far from well within the team Claire Williams has made it clear that the potential sale should be viewed as a more of positive move for the team as they try and sort out their future.

 
 Possible sale of Williams in best interests of the team
 

The Formula One world was shocked by the announcement that the Williams Grand Prix company was entering into the process of formally putting the company up for sale. The process could result in various options ranging from new investors coming into the company through to a complete sale of the company, But despite the indications that all is far from well within the team Claire Williams has made it clear that the potential sale should be viewed as a more of positive move for the team as they try and sort out their future.

On top of the news regarding the potential sale of the team it was also announced that it had terminated its title sponsorship with ROKiT with immediate effect, despite agreeing an extension last year. But it was also revealed that the company has already been in discussions with potential investors. The move is very much the major focus of a new strategic review of its operations aimed at securing its future.

In a recent interview with Sky Sports F1, Claire Williams spoke of how any possible sale should not be looked at “in a negative, disappointing way” and insisted that any decision was in the best interests of the team.

Claire said: “It's funny, I've been getting so many emails of condolences from people. I get that, it's much appreciated, but I'm looking at this from a really positive perspective.

“This is something that will ensure the future sustainability of our team and the Williams family has always been about that. We put our team first and we put its success first.

“The investment that we're looking for is going to help us achieve that. So for me, this is a good thing what we're doing, and it shouldn't be looked at in a negative, disappointing way, or anything other than positive.

“The people at Williams understand that and they're excited. This could potentially give us a very positive future.”

Williams With the departure of ROKiT as the title sponsor the team is hoping that the process of finding new investors or new owners can be resolved by the time the F1 season is planned to restart in Austria on the 5th July. This would allow the team to reveal a changed livery.

In the interview Claire stressed that the team was “fully-funded budget” for the rest of the 2020 season.

Claire added: “We are so lucky with the support that we get around the world from our fans, they're the best fans out there.

“I know that even some of our fans are starting crowdfunding pages for us, which is just wonderful.

“But I can absolutely, wholeheartedly promise you that we have a fully-funded budget to continue this year's calendar, whatever that calendar may look like.

“The car will still be a Williams, it will still be the same people involved putting that car on the grid on a Sunday. George and Nicholas will still be in it, the only thing that will change is we will have a slightly different livery.

“We will be giving it, as we would each and every year we go racing, our absolute all to do the best job we can.”

 

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Possible sale of Williams in best interests of the team
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