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These two reasons were behind the sale of Williams to Dorilton
Last spring, Williams became the first Formula One team to be wholly owned by an investment firm, Dorilton Capital. At the time the decision of Claire and Frank Williams was met with shock, as the team was first fully owned by the Williams family. In an interview, Claire Williams now gives an insight into the frustration and reasoning behind the sale of the team in 2020. In an interview with the New York Times, Williams explains her and her father's decision to sell the family business to investor group Dorilton Capital in May 2020. Williams states: “When Corona hit there was the bigger picture to think about, how we were going to go racing again and keep our business afloat during...
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3y ago from GPBlog.com
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