Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction, Williams Grand Prix ...
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction, Williams Grand Prix Holdings said on Friday.
FILE PHOTO: Formula One F1 - Pre Season Testing - Circuit de Barcelona-Catalunya, Barcelona, Spain - March 1, 2019 Williams' Robert Kubica in action during testing REUTERS/Albert GeaLONDON: Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction, Williams Grand Prix Holdings said on Friday.
The company published annual results showing Formula One revenue slid to 95.4 million pounds in 2019, down from 130.7 million pounds the previous year."The WGPH board is undertaking a review of all the various strategic options available to the company," it said. "Options being considered include, but are not limited to, raising new capital for the business, a divestment of a minority stake in WGPH or a divestment of a majority stake in WGPH including a potential sale of the whole company."
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