The Williams name could disappear from Formula 1 as a result of the team’s decision to put itself up for sale.
An incoming buyer could have the option to rebrand the team, which is one of the most successful in F1 history, with nine constructors’ championship victories and 114 race wins.
“It’s too early probably to hypothesise on what the team could and couldn’t be called,” said Williams. “I think the Williams family would certainly always like to see the Williams name in Formula 1.
“It certainly doesn’t mean that this team won’t continue to race for many years to come. This for us is about securing the future of our team and making sure that we have a successful future to the generation of inward investment.”
The decision to put the team up for sale has not come about solely due to the Covid-19 pandemic, said Williams.
“There’s no one key factor that’s driven this decision,” she said. “We’ve obviously taken steps over the past many months in order to ensure that we put Williams in the best possible position financially and therefore competitively, and it’s a further step in this process.
“No one key factor can be attributable to this. There’s a number of factors that has led us to this decision.”
Williams’ father Sir Frank Williams, who founded the team in 1977, has long resisted selling it. Today’s decision is important to ensure the team’s survival, she said.
“What Frank has always done is to ensure that he puts the team, the business and our people first. And that’s what we’re doing now.
“Equally, Frank always wants to be as competitive as possible. And one of the main reasons that we’re doing this is to attract inward investment into the team in order that we can firstly capitalise on the new regulations that are coming forward in 2021 and put this team in the best possible position to be successful. And at the end of the day, that’s all that matters to us.”
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