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Williams reveals it is for sale
May 29 Backmarker Formula 1 team Williams has admitted it may be sold. On Friday, the former world champions admitted that after slumping to dead last in 2019, a $16 million profit has now become a similar sized loss. And that was before the corona crisis struck. In a statement of its disappointing annual results, Williams CEO Mike O'Driscoll also confirmed that current title sponsor Rokit will depart. The company sold its Williams Advanced Engineering arm at the end of last year, and now admits that the entire team could be next. "Options being considered include raising new capital for the business, a divestment of a minority stake, or a divestment of a majority stake including a...
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