News Details
Williams sells F1 team to US private equity firm!
Williams Grand Prix Holdings has sold its F1 team Williams Racing to US private equity firm Dorliton Capital. Williams announced last spring a fstrategic review of its activities and suggested that it could sell all or part of its assets, including the F1 team, founded by Sir Frank Williams and engineer Sir Patrick Head in 1977. F1's third most successful team has now changed hands after being acquired by Dorliton Capital, a move that received "unanimous support" from the company’s board and "secures the long-term success of the Williams Formula 1 team", according to the announcement from WGPH. The team will continue to operate under the same name and chassis...
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