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Williams offered for sale, terminates ROKiT sponsorship
Williams is in an offer period The parent company of the Williams Formula 1 team has announced that it has formally put itself up for sale. The Formula 1 constructor said it would look to raise capital for the business either through the sale of minority stakes, majority stakes, or a full sale of the company. A statement from the team read, “Whilst no decisions have been made regarding the optimal outcome yet, to facilitate discussions with interested parties, the Company announces the commencement of a “formal sale process”. “While the Company has faced a number of challenges, Williams currently remains funded and ready to resume racing when the calendar allows in 2020. “The...
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