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Formula 1: Williams considering selling team after £13m loss last year
Williams is considering selling its Formula 1 team and entire company group after posting a £13m loss last year. The momentous decision marks a major change in policy for a company whose founder, Sir Frank Williams, had always insisted on retaining control. A "new strategic direction" could involve a whole or partial sale of the company, including the F1 team. Williams also says it is in "preliminary discussions with a small number of potential investors". More to follow.
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