Williams has always been the legendary in F1, a team driven fully under the prime ownership under Williams family winning 16 FIA Formula One World Championship titles, nine for the constructor and seven for the drivers, and at present is the third most successful team on the grid. Ever since the Monza paddock when the news broke that the Williams were leaving the team they have proudly run for the best part of 40 years, there was a real sense that it was the end of an era.
The team has been through many ups and down from Sir Frank’s life-changing accident to the recent worst ever seasons last in 2018 and 2019, with the team struggling in a tricky financial climate
A rebound plan was actioned last year, including restructuring of departments, and the results were positive, the team for the year 2019 was back in action and performing great however to make it run efficiently Williams realised they needed significant investment, and that led to a process which ultimately results in the sale of the team to an American private investment firm Dorilton Capital on date 21st Aug 2020.
Dorilton Capital is known for its long term approach to investment and its key focus will be to restore the competitiveness of the team. This eventually marks the beginning of an exiting new era in the history of Williams, which with its new owners, is now well positioned to capitalise upon the sweeping rule changes coming into formula one with the new Concorde Agreement.
The new Concorde Agreement is set to transform the sport and will help address the historical challenges that Williams has faced as an independent constructor, by reducing the financial and on-track disparities between teams and creating a fairer, more competitive sport. The new changes present an exciting opportunity for Williams, which together with the new ownership, will secure the long-term future of Williams at the pinnacle of motorsport.
Claire Williams, Deputy Team Principal, commented: “The Strategic Review was a useful process to go through and proved that both Formula One and Williams have credibility and value. We have now reached a conclusion and we are delighted that Dorilton are the new owners of the team. When we started this process, we wanted to find a partner who shared the same passion and values, who recognised the team’s potential and who could unlock its power. In Dorilton we know we have found exactly that. People who understand the sport and what it takes to be successful. People who respect the team’s legacy and will do everything to ensure it succeeds in the future. As a family we have always put our team first. Making the team successful again and protecting our people has been at the heart of this process from start. This may be the end of an era for Williams as a family owned team, but we know it is in good hands”.
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