News Details
Latifi bails out Williams
Although the amount is unclear, Michael Latifi, father of driver Nicholas, has joined HSBC in refinancing the company's corporate borrowings. Worryingly, the loan is secured on the team's factories, land, plant machinery and even its historic collection of over one hundred title and race-winning cars. Latifi, it will be recalled, also has a $100m stake in McLaren. 'Following the sale of Williams Advanced Engineering at the end of 2019 we began a refinancing process,' Claire Williams told Motorsport.com. 'After considering a number of options, we have now concluded our refinancing with a consortium of lenders, all of which was negotiated on an arms-length commercial basis. 'The loan package...
Full Story »
Full Story »
6y ago from Pitpass.com
0
You May Also Be Interested In...
Sad Latifi says Canadian GP call-off 'inevitable'
Williams rookie Nicholas Latifi won't be making his F1 race debut on home...
6y ago from F1i.com
Mercedes: Production of COVID-19 breathing aid in full...
Mercedes has announced that the design of the breathing aid engineered in...
6y ago from F1i.com
Russell and Latifi take pay cuts, Williams furlough...
Williams drivers George Russell and Nicolas Latifi have taken 20% pay...
6y ago from GPFans.com
Latifi: 'Fingers crossed the Canadian GP does happen...
The postponement of the Canadian Grand Prix leaves Formula 1 rookie...
6y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez “stronger than expected” as he...
No description available...
2h ago from Motorsport.com
MotoGP Hungarian Grand Prix - Full starting grid
No description available...
1h ago from Motorsport.com
Aprilia explains why it has not been in victory fight...
No description available...
1h ago from Motorsport.com
Why MotoGP’s Hungarian GP sprint turned out to be a...
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward tops first IndyCar practice at Gateway
The NTT IndyCar Series held its first practice session of the weekend on...
35m ago from MotorsportWeek.c...
Arrow McLaren appoints Ryan Hunter-Reay as new...
No description available...
2h ago from Motorsport.com
How to watch IndyCar 2026 at WWT Raceway: Weekend...
No description available...
1d ago from Motorsport.com
Romain Grosjean confirms surgery on right hand after...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1d ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
3d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Days after Champions League final, Arsenal make offer...
Arsenal have made an approach for Paris Saint-Germain (PSG) youngster...
2h ago from SportsKeeda.com
From France: Arsenal ready to poach defender from PSG...
Arsenal are reportedly eyeing up a potential transfer raid on their recent...
6h ago from CaughtOffside.com
'They might…' – Arsenal tipped to make...
Arsenal are being tipped to make two signings in attack this summer by...
8h ago from CaughtOffside.com
Crazy money: Liverpool & Arsenal should walk away...
Liverpool and Arsenal have been linked with Bradley Barcola in recent...
9h ago from CaughtOffside.com
Comments
Hottest News
Ferrari throw away Monaco Grand Prix win with botched...
If there is one team which knows how to nuke its... Read More »
45m ago from GPFans.com
Hamilton stripped of ‘confidence’ amid Monaco Ferrari...
Lewis Hamilton admitted that a sudden and... Read More »
55m ago from F1i.com
Max Verstappen casts key Ferrari F1 concern despite Monaco...
Max Verstappen is wary of the fast starting... Read More »
55m ago from MotorsportWeek.com
