Home Sport Formula 1

Formula 1

$24M loss brings iconic F1 family empire to its knees

Williams has announced it is considering selling the Formula 1 team after a dip in the company’s financial results.The Williams Grand Prix Holdings group reported an adjusted loss of £13m (A$23.9m) for the year ending 2019, against profits of £12.9m in 2018, and new investment will now be sought.Offering a minority or majority stake will…

Formula One Is Too Expensive For A Nine-Time World Championship Team

Image: WilliamsOn Friday, Williams Grand Prix Engineering announced a bunch of bad news. It lost a bunch of money in 2019. It just parted ways with its title sponsor ROKiT. And the Formula One racing team that has existed since Sir Frank Williams started it back in 1966 is for sale, either in part, or…

F1 | Chi può investire nella…

Lo stato dell’arte. Se nel passato la proprietà della Williams era divisa in due parti, il 70% al fondatore Frank e il 30% a Patrick Head, oggi è decisamente più frammentata. Sir Frank attualmente detiene la quota di maggioranza, quantificata in poco più del 50%, con Patrick Head al 10%; la restante fetta della torta…

Williams wants new investors/owners in “three, four months”

The Grove-based outfit announced on Friday that it was beginning a strategic review of its operations to attract a financial injection that it believes will help secure it a brighter future in F1. While the formal process has only just begun, deputy team principal Claire Williams said the outfit did not intend to wait long…

Mercedes has “clear intention” to remain in F1 under Wolff

The world champion outfit is contracted to race in F1 until the end of the 2020 season, but reports in Germany this week suggested that the car manufacturer was about to wind down its official involvement and sell shares to Aston Martin. The stories also suggested that Wolff had decided to step down from his…

Williams offered for sale, terminates ROKiT sponsorship

Williams is in an offer period The parent company of the Williams Formula 1 team has announced that it has formally put itself up for sale. The news coincides with the release of its 2019 financial results and announcement of a strategic review. Williams Grand Prix Holdings said it would look to raise capital for…

Formula 1: Daniel Ricciardo rokuje s Ferrari, nahradil by Vettela

dnes 19:04  |  NHL Chicago podpísalo dvojročný kontrakt s českým útočníkom Matějom Chalupom Klub zámorskej hokejovej NHL Chciago Blackhawks podpísal dvojročný kontrakt s českým útočníkom Matějom Chalupom s priemerným platom 925.000 dolárov... dnes 19:00  |  Slovensko ROZHOVOR Kapitán Bogdan Mitrea odchádza z Trnavy sklamaný: Buď poviete všetko, alebo nehovorte radšej nič Zo slovenského klubu FC…

F1’s first aero development handicap system explained

Aero development time from next season will be based on teams' positions in the standings, but what will it mean for F1? By James Galloway Last Updated: 28/05/20 11:16pm Formula 1 will introduce its first handicap system for aerodynamic development from next year - but what exactly does it mean, and what impact might it…