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Claire Williams confident her team will stay in F1

Published on 01 Jun 2020 09:08
3
By: Harry Mattocks

Claire Williams is confident that the team will “find the investment we need” amid uncertainty surrounding the future of the Grove-based squad.

She has assured fans that the Williams name continues in Formula 1, despite the possibility of the team bring partly or wholly sold.

It is no secret that Williams has been struggling financially for a number of years due to poor performance. Last week, it terminated their sponsorship arrangement with ROKiT, with the company rumoured to be out of business.

The financial results of Williams outfit were recently released, with the team suffering an operating loss of £13 million in 2019.

MORE: Williams set for new livery following ROKiT split

MORE: Russell: Great to see teams 'looking to the future' with driver line-ups

The coronavirus pandemic has also put the team under a lot of pressure, hence the decision to appraise potential offers to buy the team.

Claire Williams told the Guardian: “I have every confidence that we will find the investment that we need.

"We’re making this decision to source inward investment in order to help us achieve everything that we want to, to help us fulfil all the plans that we’ve been putting into place and to drive us even further forward.

"It’s absolutely the right day to be doing this in Williams’s history. There’s a huge value in the Williams brand. It is loved by sports fans both in and out of F1, and I think it stands for something. I’m sure that any investor would recognise that.”

Williams went on to explain that the team has only had a couple of bad years, and suggested that there is no reason to suggest that this collapse had been on the cards for years prior.

“We’ve had two bad years,” she said “Any team can have two bad years and it’s what you do as a result of those two bad years and learn from your mistakes and pull yourself up.

“To say that Williams has been in a long-term spiral of decline is probably slightly exaggerated or erroneous.”

F1 News Williams

Replies (3)

JuJuHound

Posts: 352
Claire should stop speaking about Williams history. She has to leave it behind and focus on now and here to save tomorrow. She is still under fathers legacy influence what is not important now.
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- Jun 1 2020 - 19:06
- calle.itw
  
  Posts: 8,527
  She is. That is why she is willing to sell parts or the entirety of her outfit. The discussions on the history is to point out just why Williams is a good bargain and why it deserves to stay on the grid.
  + 0
  
  Jun 1 2020 - 22:17
ajpennypacker

Posts: 2,475
All I want to see is a headline saying she's leaving her post. I have no hope that Williams will be great again so long as she's running things. It has to be so demoralizing to work under someone so incompetent and see them not get fired or replaced.
- + 0
- Jun 2 2020 - 02:05