Williams drivers welcome team sale
Family-owned team's sale to US firm should help the former Formula One champions revive past glories
George Russell and Nicholas Latifi welcomed their Williams team’s change of ownership as a positive step that will help the former Formula One champions climb back up the competitive order.
The UK-based team announced their sale to US-based Dorilton Capital last week, marking the end of an era for the family-owned outfit.
The private investment firm said they would carry out a thorough review to determine where best to direct their investment so as to help the struggling team rediscover past glories.
“It’s secured the future, the stability of the team which is first and foremost the most important thing,” Canadian Latifi, making his Formula One debut this season, told reporters via video conference at the Belgian Grand Prix on Thursday.
“In terms of what changes do I think need to be made, I think that’s more for them to decide. Overall it can only be positive.”
Williams were founded in 1977 and are the third oldest and most successful constructor in Formula One history. Past drivers include Ayrton Senna, Nigel Mansell and Nelson Piquet.
The team enjoyed their heyday in the 1980s and 90s but haven't won a championship since 1997 with Jacques Villeneuve or a race since Pastor Maldonado’s triumph at the 2012 Spanish Grand Prix.
They finished last in 2019 and are the only team yet to score points this season.
Their poor form on track combined with the Covid-19 pandemic has taken a toll on their finances.
Dorilton have said they intend to continue with the Williams name.
The management structure of the team, currently run by deputy team principal Claire Williams, daughter of the outfit’s 78-year-old co-founder and team principal Frank Williams, could undergo a change.