Williams F1 team up for sale as part of strategic review

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Williams F1 team up for sale as part of...
 © CyprusMail 2020
Williams has announced it is considering selling the Formula 1 team after a dip in the company’s financial results.

The William Grand Prix Holdings group reported an adjusted loss of £13million for the year ending 2019, against profits of £12.9m in 2018, and new investment will now be sought.

Offering a minority or majority stake will be considered, but so too will an outright buy-out.

“The WGPH board believes that the strategic review and formal sale process is the right and prudent thing to do in order to take time to consider a...


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This article was automatically added to our system 29-5-2020

Williams F1 team up for sale as part of strategic review


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Article Tags: williams, strategic, review,