The Williams Family Says Goodbye to Formula 1 Stable After 43 Years

Claire Williams will experience her last race this weekend in Monza as team principal of Formula 1 racing stable Williams.

 

She then resigns from her position. Her resignation is due to the takeover of the British team by the American investment company Dorilton Capital.

The departure of Claire Williams also marks the departure of the Williams family from Formula 1. Her father Frank Williams founded the racing stable of the same name in 1977.

“After 43 years and 739 Grands Prix, the point has come for our family to leave the sport. It is with a heavy heart that I let go of the team,” Williams said in a statement.

Williams had been up for sale since May because it was in dire need of money. Williams took a loss of almost 15 million pounds last year and saw even more significant financial problems looming this year as a result of the corona crisis.

The team signed the new Concorde Accord last month, with which it committed itself to Formula 1 for the next five years.

Williams boasts a rich Formula 1 history, with nine constructors’ world titles and seven world champions.

In recent years, the drivers have always been at the rear. This year is slightly better, but George Russell and Nicholas Latifi have not yet earned World Cup points.