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Williams announce refinancing measures
Williams has announced refinancing measures that include loans from HSBC and Michael Latifi and their lands and properties being mortgaged. HSBC has long been a partner of the team, while Michael Latifi's contribution comes via Latrus Racing, a company he owns. It is the latest in a long line of financial investments made by the Canadian, with Sofina, another of his companies, being the team's sponsor for 2020. 'Following the sale of WAE at the end of 2019 we began a refinancing process,' deputy team principal Claire Williams told Autosport. 'After considering a number of options, we have now concluded our refinancing with a consortium of lenders, all of which was negotiated on an...
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