Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off the track, deputy principal Claire Williams
FILE PHOTO: Williams Deputy Team Principal Claire Williams attends a news conference at the Azerbaijan Formula One Grand Prix - Baku City Circuit, Baku, Azerbaijan - April 26, 2019 REUTERS/Maxim Shemetov
“Williams as a family have always put our Formula One team first,” she told reporters in a Zoom call after annual results showed a loss of 13 million pounds in 2019 compared to a previous profit of 12.9 million. A strategic review will look at all options ranging from securing new investment to a potential sale of the entire company.
Williams said her father, now 78 and removed from the day to day running of the business, was ‘up to speed’ and supportive.
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