News Details
Williams: Potential sale about securing future
Claire Williams Claire Williams says that a potential sale of Williams Grand Prix Holdings (WGPH) is motivated by a desire to secure its future and put its people first. WGPH, the company whose operations include the Williams Racing Formula 1 team, made the announcement of a formal sale process in conjunction with the release of its 2019 financial results. The company recorded a loss (EBITDA) of GBP 13.0 million (AUD 24.1 million) for the year ended December 31, 2019 compared to profit of GBP 12.9 million (AUD 23.9 million) in the corresponding prior period. The swing was largely due to the F1 team moving from profit to loss, with Williams Advanced Engineering’s profit rising (excluding...
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