July 3, 2022

Longstanding Williams F1 staff has been bought to US funding agency Dorilton Capital having been on sale since Could. Fortunately, the Williams title will stay on the grid. 

The announcement comes throughout the identical week that every one 10 constructors signed the Concorde Settlement, which hopes to deliver a few extra degree taking part in discipline in Method One for years to come back.

Dorilton Capital has additionally introduced that it has no plans to maneuver the standard base from Grove in Oxfordshire.

An announcement from Williams mentioned: “This marks the start of an thrilling new period within the historical past of Williams, which with its new proprietor, is properly positioned to capitalise upon the sweeping rule modifications coming into Method One with the brand new Concorde Settlement.”

Williams F1 has been part of the grid since 1977 and has taken 9 constructors championships and 7 world drivers championships in its time, though their final championship got here in 1997 with Jacques Villeneuve. Williams hasn’t received an F1 race since 2012.

Deputy staff boss, Claire Williams, mentioned: “This can be the tip of an period for Williams as a household owned staff, however we all know it’s in good palms. The sale ensures the staff’s survival however most significantly will present a route to success.”

Matthew Savage, Dorilton’s chairman, mentioned: “We look ahead to working with the Williams staff in finishing up an in depth overview of the enterprise to find out through which areas new funding ought to be directed.”