What happened to Williams team?

On 21 August 2020, Williams was acquired by Dorilton Capital. They are intending to continue racing under the Williams name. With the acquisition, Claire Williams was offered the chance to stay on as a team principal but that offer was declined.

What is the problem with Williams f1?

The final problem seen in the Williams team is the dependence on the brands making the engines and the lack of independent suppliers to each team. The main suppliers of Ferrari, Mercedes and Renault (Honda only supply the Red Bull family of cars) and therefore have a dominance of the teams around them.

What did Williams f1 sell for?

Former Formula One champions Williams have been bought by US-based investment firm Dorilton Capital in a €152m (£136.5m) deal that marked the end of an era for the struggling family-owned team. They will continue to race under the Williams name and remain at their base at Grove in Oxfordshire.

Why did Frank Williams leave Williams?

But Williams was not made to be a back-seat driver and, desperate for independence, he severed ties with the Canadian businessman. He set up shop at an old carpet warehouse in Didcot, Oxfordshire and signed a promising young engineer named Patrick Head. The double act would go on to make grand prix history.

Who owns the Formula 1 teams?

In late 2016, Liberty Media agreed to buy controlling interest in the Formula One Group for $4.4 billion (£3.3 billion). The deal was approved by regulators and completed on 23 January 2017.

Is William leaving F1?

“It is with a heavy heart that I am stepping away from my role with the team,” Claire Williams said in a statement. “I had hoped to continue my tenure long into the future and to preserve the Williams family’s legacy into the next generation.”

Who replaced Williams F1?

Alexander Albon
Alexander Albon to replace George Russell at Williams for 2022 F1 season – Eurosport.

Why did Williams sell?

The eventual decision to sell and cut the cord with F1, however, was based on what Williams has described as “two elements” – one naturally team related, the other more personal. “My dad’s never taken a penny out of the team over the years. I wanted to ensure he had something to show for his legacy.

Who owns F1 Williams?

Dorilton Capital
Back in August 2020, the F1 world learned that the historic and much-loved Williams F1 team had been sold to American private investment company Dorilton Capital for £135m thus ending Sir Frank Williams 43 years at the helm.