Williams is considering selling its Formula 1 team as part of a “new strategic direction” aimed at securing the company’s future. A drop in revenue following difficult 2018 and 2019 campaigns, coupled with the financial uncertainty caused by the ongoing COVID-19 pandemic and subsequent loss in race income, has prompted the Williams Group to look at alternative ways of raising funds. Among the options being considered include a partial or even full scale sale of the Grove-based F1 team. Williams said on Friday that it has started the process of looking at interesting parties but is yet to receive any approaches. Williams confirmed it is in preliminary discussions “with a small...
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