Williams has announced it is willing to sell the team as a whole company following challenging financial results, while it has terminated its title sponsorship with ROKiT with immediate effect. In publishing its accounts for 2019, Williams Grand Prix Holdings (WGPH) announced that group revenue dropped by more than $20 million from £176.5m ($217.31m) in 2018 to £160.2m ($197.24m) last year. That led to EBITDA dropping from a profit of £12.9m ($15.88m) to a loss of £13m ($16.01m). While much of the loss is attributed to the team’s poor performance in the constructors’ championship — and therefore lower prize fund payments — over a number of years, it does not yet take...
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