News Details
Lafiti keeps Williams afloat with loan of 50 million pounds
Several Formula 1 teams need to pull out all the stops to keep their heads above water. Half of the teams are already getting an advance on Liberty Media's TV funds and McLaren is considering taking out an extra mortgage. Williams, the team where the need was greatest, fortunately has a benevolent investor in Michael Lafiti. Because Nicholas Latifi will be driving for the Williams team next season, father Michael will do everything he can to keep that team afloat for the time being. That's why he now lends Williams an amount of 56 million euros. The collection of historic cars and the entire factory count as collateral for that loan. Should the British race stable not be able to repay the...
Full Story »
Full Story »
5y ago from GPBlog.com
0
You May Also Be Interested In...
Brown: Vettel never in line for a seat at McLaren
McLaren boss Zak Brown says Sebastian Vettel was never considered as a...
5y ago from F1i.com
McLaren is considering to pledge The MTC and historic...
McLaren is also feeling the financial consequences of the corona crisis....
5y ago from GPBlog.com
McLaren could mortgage MTC and historic collection to...
The McLaren Group is considering mortgaging its Woking headquarters as...
5y ago from F1i.com
McLaren exploring funding options amidst financial...
McLaren is considering various funding options to help the sportscar...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
1h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
23h ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
1d ago from Motorsport.com
VR46 approached by Aprilia for 2027 but new Ducati...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
19h ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
19h ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
1d ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Safari Rally Kenya will be more of a lottery than...
No description available...
1h ago from Motorsport.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
20h ago from Motorsport.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
1d ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
‘You never know' – Arsenal attacking...
Arsenal have been linked with a move for Atletico Madrid striker Julian...
17m ago from CaughtOffside.com
Aston Villa rival Arsenal for bargain transfer of...
Aston Villa are reportedly the latest club eyeing up a potential free...
2h ago from CaughtOffside.com
Bayer Leverkusen 1-1 Arsenal: Havertz on the spot to...
Match report – Player ratings – Arteta reaction – Video...
3h ago from Arseblog.com
'I can guarantee…': Romano drops major update on...
Ethan Nwaneri has been linked with a move away from Arsenal in recent...
12h ago from CaughtOffside.com
Comments
Hottest News
Fred Vasseur claims 'Ferrari would have won F1 title' if...
Ferrari team principal Fred Vasseur has pointed... Read More »
1h ago from GPFans.com
Aston Martin gets testy over Honda battery questions in...
As Aston Martin and its engine partner Honda sat... Read More »
47m ago from F1i.com
Russell: Ferrari being 'selfish and silly' over F1 start...
Mercedes driver George Russell has accused... Read More »
57m ago from SkySports.com
