Photo: Williams Racing on Instagram
One of the oldest and most successful outfits in Formula 1, Williams Racing hasn’t produced a competitive car since forever. Dropping Felipe Massa for pay drivers Sergey Sirotkin, Robert Kubica orNicholas Latifi hasn’t helped the Brits either.
The biggest problems with Williams Racing, however, are development and testing. Even though the car runs the Mercedes-AMG hybrid power unit that’s been dominating the series since 2014, the engineers and aerodynamicists just can't get the single-seater sorted in terms of downforce, corner carving, and straight-line velocity.
It also seems strange how Williams started to erode from within when Claire, the daughter of Frank Williams, took over from his father in March 2013 when Maldonado was still around and Renault supplied the 2.4-liter aspirated V8.
Fast-forward to the present day, and the Brits have confirmed that their title sponsor ROKiT has left the boat to sink. The question is, when was the last time you’ve heard of a title sponsor leaving the team at halfway point of the year?
The Williams Grand Prix Holdings group confirmed that it had lost 13 million pounds last year compared to 12.9 million in profit for 2018. “The results were driven by the Formula 1 operation’s poor on-track performance, despite continued progress at Williams Advanced Engineering,” reads a statement from WGPH.
So, what’s next for this once-great force in the king of motorized sports? Here’s another statement from today’s press conference regarding the 2019 financial results. “Options being considered include - but are not limited to - raising new capital for the business, divesting a minority stake in WGPH, or a divestment of a majority stake in WGPH including a potential sale of the whole company.”
Ladies and gents, the plot has certainly thickened for the 2021 Formula 1 season. In the meantime, the team has assured investors and fans that funding is sufficient to continue racing once the season kicks off on July 5th with the Austrian Grand Prix.
Instead of 22 races as we were promised, the provisional calendar for 2020 now includes 19 race weekends. Canada, Singapore, and Holland are absent from the schedule, and given the ongoing health crisis, anything can happen from one day to the next.
It also seems strange how Williams started to erode from within when Claire, the daughter of Frank Williams, took over from his father in March 2013 when Maldonado was still around and Renault supplied the 2.4-liter aspirated V8.
Fast-forward to the present day, and the Brits have confirmed that their title sponsor ROKiT has left the boat to sink. The question is, when was the last time you’ve heard of a title sponsor leaving the team at halfway point of the year?
The Williams Grand Prix Holdings group confirmed that it had lost 13 million pounds last year compared to 12.9 million in profit for 2018. “The results were driven by the Formula 1 operation’s poor on-track performance, despite continued progress at Williams Advanced Engineering,” reads a statement from WGPH.
So, what’s next for this once-great force in the king of motorized sports? Here’s another statement from today’s press conference regarding the 2019 financial results. “Options being considered include - but are not limited to - raising new capital for the business, divesting a minority stake in WGPH, or a divestment of a majority stake in WGPH including a potential sale of the whole company.”
Ladies and gents, the plot has certainly thickened for the 2021 Formula 1 season. In the meantime, the team has assured investors and fans that funding is sufficient to continue racing once the season kicks off on July 5th with the Austrian Grand Prix.
Instead of 22 races as we were promised, the provisional calendar for 2020 now includes 19 race weekends. Canada, Singapore, and Holland are absent from the schedule, and given the ongoing health crisis, anything can happen from one day to the next.
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