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Williams considering F1 team sale after £13 million loss
Williams Racing is considering a partial or full sale of its Formula 1 team, after financial results for the team in the 2019 FIA Formula 1 World Championship saw a record loss. The British team saw their Formula 1 revenue fall from £130.7 million in 2018 to £95.4 million last year. The group, which made a profit of £12.9m in 2018, posted a £13m loss as the team spent a second season bottom of the constructors' standings, compared to third just five years ago. On top of the struggling years at Williams, the coronavirus pandemic has also had a large effect on the team with their revenue. “The WGPH board is undertaking a review of all the various strategic options available to the...
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5y ago from TheCheckeredFlag.co.uk
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