Finances are a thorny issue in Formula 1, with Williams 'very strongly against' the Andretti bid in its current guise.
Williams team principal James Vowles outlined multiple reasons for why his team are “very strongly against” Andretti entering Formula 1 in future.
But Vowles revealed that the team can expect a 2023 loss of “multiples” beyond what they experienced this year as they go about trying to force their way to the front of the field. “My responsibility is to 900 employees within my company. If you go and look at Companies House, you can go look it up for Williams, we’ve submitted it now you’ll see that we’re lossy. We’re very lossy.
“We have closer racing as a result of things, but it should be known that this isn’t just us that are not financially stable, I’d say probably half the grid are not.F1 2024 cars: What name has each team given their chassis for the 2024 season? “Everyone says ‘well, we’re in a good place.’ We are in some regards, but now this is tens of millions, in fact hundreds of millions, you’ll see shortly being invested to make the sport better.
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