News Details
Williams loses ROKiT immediately as title sponsor; sale of F1 team possible
Things at Williams aren't going well at the moment. On Friday morning it was announced that ROKiT has left the British race stable as a title sponsor. At the moment the British brand is looking at a partial sale of the team, but even a complete takeover is not excluded. Williams gives the reason that the measure 'would be a new strategic step to secure the future of the company'. A statement reads: "The board of directors of Williams Grand Prix Holding (WGPH) is considering all possible strategic options. Options that are being considered include seeking new capital for the company, the inclusion of a minority shareholder in WPGH or the sale of a majority stake in WGPH, including a...
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3y ago from GPBlog.com
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