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Williams considers sale - terminates ROKiT sponsorship!
Williams Grand Prix Holdings is considering a partial or full sale of its assets, including its Formula 1 team, as financial pressure mounts on the group amid the coronavirus crisis. Formula 1's economic downturn on the back of the global pandemic, with a 2020 season that has yet to get underway, is forcing several of the sport's smaller teams to undergo strategic reviews or consider contingency plans to ensure their survival. After McLaren's decision to lay off 1200 people, including 70 members of its F1 team, and seek an injection of fresh capital, Williams Grand Prix Holdings is now also facing liquidity issues, inciting the company to consider an outright sale of its operations,...
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