{"id":853,"date":"2020-08-21T08:33:30","date_gmt":"2020-08-21T08:33:30","guid":{"rendered":"https:\/\/formula1news.co.uk\/?p=853"},"modified":"2020-09-03T15:10:36","modified_gmt":"2020-09-03T14:10:36","slug":"williams-f1-acquired-us-firm","status":"publish","type":"post","link":"https:\/\/formula1news.co.uk\/williams-f1-acquired-us-firm\/","title":{"rendered":"\u2018Beginning of a New Era\u2019: Williams Acquired By US Investment Firm"},"content":{"rendered":"\n

Williams Racing<\/a> has been acquired by Dorilton Capital<\/a>, a US investment company, marking the end of the F1 team\u2019s strategic review which was launched in May and explored various sources of funding to secure the constructor\u2019s financial future.<\/p>\n\n\n\n

Williams announced the acquisition in a press release on Friday morning, and said Dorilton Capital\u2019s priority will be restoring the competitiveness of the team after several difficult seasons for the constructor. <\/p>\n\n\n\n

The takeover was unanimously supported by Williams\u2019 board, and the team will continue to compete under the Williams brand despite it no longer being a family owned constructor.<\/p>\n\n\n\n

\u201cThis marks the beginning of an exciting new era in the history of Williams, which with its new owner, is now well positioned to capitalise upon the sweeping rule changes coming into Formula One with the new Concorde Agreement,\u201d the Grove-based racing outfit said.<\/p>\n\n\n\n

READ: FIA to Postpone Qualifying Engine Modes Ban Until Italy GP<\/a><\/strong><\/p>\n\n\n\n

Claire Williams, deputy team principal, said \u201cThis may be the end of an era for Williams as a family-owned team, but we know it is in good hands.\u201d<\/p>\n\n\n\n

Continuing, she said the deal ensures Williams\u2019 survival in F1 and \u201cwill provide a path to success.\u201d<\/p>\n\n\n\n

Meanwhile, Matthew Savage, chairman of Dorilton Capital, said they are \u201cdelighted\u201d with the acquisition and have no plans to relocate the team from their facilities at Grove.<\/p>\n","protected":false},"excerpt":{"rendered":"

Williams Racing has been acquired by Dorilton Capital, a US investment company, marking the end of the F1 team\u2019s strategic review which was launched in May and explored various sources of funding to secure the constructor\u2019s financial future. Williams announced the acquisition in a press release on Friday morning, and said Dorilton Capital\u2019s priority will be restoring the competitiveness of the team after several difficult seasons for the constructor.  The takeover was unanimously supported by Williams\u2019 board, and the team will continue to compete under the Williams brand despite it no longer being a family owned constructor. \u201cThis marks the<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,26],"tags":[65,66,106,107,64],"class_list":["post-853","post","type-post","status-publish","format-standard","hentry","category-featured","category-latest-news","tag-acquisition","tag-claire-williams","tag-dorilton-capital","tag-frank-williams","tag-williams-racing"],"yoast_head":"\n\u2018Beginning of a New Era\u2019: Williams Acquired By US Investment Firm<\/title>\n<meta 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