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Aug 21, 2020 · This is a complete buy-out. The sale is for Williams Grand Prix Engineering Limited (WGPE), which consists of the F1 business (including their impressive heritage car collection and high-end headquarters at Grove) their minority stake in Williams Advanced Engineering, and all other trading assets and liabilities.
Aug 21, 2020 · Founded in 1977 as Williams Grand Prix Engineering, the team was at its peak in the 1980s and 1990s with champions Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill ...
Apr 11, 2024 · Prior to the establishment of Williams Grand Prix Technologies in 2024, Williams also had other business interests beyond F1 racing. Williams owned a majority stake in Williams Hybrid Power Limited and also established Williams Advanced Engineering – both businesses took technology developed for F1 and adapted it for multiple commercial applications.
- What Led to Friday’s Announcement?
- What Happened on Friday?
- Will The Williams Team Name Stay?
- Who Will Run The Team?
- Is There Now Fresh Hope?
As Formula 1’s costs rose through the 2000s Williams slipped out of title contention but until 2017 remained respectably in the midfield, finishing a high of third as recently as 2015. But a disastrous car concept for 2018 plunged the team to the back of the field and matters worsened in 2019 when it was rooted to last position all season. In Decem...
Williams has remained fiercely independent and family-owned since its foundation by Sir Frank Williams and Sir Patrick Head in 1977, but that road has reached its conclusion. Williams has sold up to BCE Limited, a fund which is managed by Dorilton Capital Management LLC (Dorilton Capital), a private investment firm that operates out of New York. It...
The Williams name has been present in Formula 1 since the late 1970s and Friday’s development will not change that. Dorilton Capital has stressed that it “recognises and appreciates the importance of respecting and retaining Williams’ heritage and culture.” For that reason the Williams name will be staying in Formula 1 – it has a value and a recogn...
Co-founder Sir Frank has long since stepped back from the direct day-to-day running of the team but his approval of the transaction, having owned a 52 per cent share, was crucial to the buyout. Daughter Claire took on the role of Deputy Team Principal in 2013 and is in effect the leader of its Formula 1 operations. No mention has been directly made...
Put simply, yes. Williams’ survival was in question and this provides the operation with a more stable footing moving forwards. The announcement of the acquisition came just two days after all 10 Formula 1 teams signed up to the new Concorde Agreement, which will cover the 2021-25 seasons. Williams made note of this in its announcement, pointing ou...
- Phillip Horton
Aug 21, 2020 · Williams, the Formula One team, has been acquired by US investment group Dorilton Capital in a €152m deal that secures the British racing outfit’s future in the sport. The last family-owned ...
Aug 21, 2020 · The Williams Racing team has been sold to a private investment firm, ending 43 years of control by Sir Frank Williams. Dorilton Capital has taken over ownership of the team that has won seven drivers’ titles, nine constructors’ titles and 114 race victories. The deal for Williams Grand Prix Engineering, which includes the F1 team, values ...
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Jan 24, 2022 · Fortescue Metals will purchase UK-based Williams Advanced Engineering from private equity firm EMK Capital and Williams Grand Prix Engineering. The deal is aimed to help the iron ore producer ...
