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New Williams owners need to “issue a checkbook” – Motorsports

After the Williams family announced in May that they were considering selling the team, American investment fund Drillton Capital acquired the British team at the end of August.

The deal put an end to the financial uncertainties facing the Williams team and boosted their finances after recording a loss of £ 13m by 2019.

There were similarities between Williams and McLaren. Both teams won F1 titles in the 1980s and 90s, but then withdrew from the main teams.

McLaren has dropped to 9th place in the 2015 and 2017 F1 Constructors’ Championships, but has since embarked on important recovery programs both on-track and off-track.

The team finished third in this year’s Constructors’ Championship, marking the best finish since 2012. Announced £ 185m new investment On the eve of the season finale in Abu Dhabi.

Asked if Williams could complete a turnaround similar to McLaren, Brown said it was possible, but would require spending from the new owners to begin the recovery.

“They are a great racing team,” Brown said.

“They need to invest a lot in new investors. They have been late in their income since finishing 10th in the championship and seem to have few sponsors.

“They have people, know-how and skills. They just need the resources they lack.

“That will take some time, but I think we’ve taken a big step this year. They haven’t scored points yet, but they’re certainly in a few positions.

“There’s no reason they can’t, but they don’t seem to have the same level of income as us, so we need to keep investing in our team.

“As we know in Formula 1, it costs money to go fast, so they have to keep issuing checkbooks.”

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Williams recently announced the addition of former McLaren F1 CEO Yostkapit to the team. For the 2021 season, he has permanently handed over the role of team principal to Simon Roberts.

George Russell and Nicholas Latifi will continue to race for the team next year, the latter with important sponsorship and support from Canada to help support the race.

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New Williams owners need to “issue a checkbook”

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