Would be amusing if they implement this rule and Merc dropped to 5th & 6th on the grid, the tears would last forever.
I think Toto has said about taking a step back for some time , so it would not surprise me if he did . I doubt he would unless he was 100% confident that who ever took over his current role was the right person for the job .
Toto was paid $9.5m in 2018, probably 10 or 11 now. I imagine this may have something to do with his onward move, it is a big part of the budget of $145m
Looks like 'Party mode' isn't going to be stopped till Imola. So that dyno work can be carried out by PU manufacturers!! I am still wondering how this will work. I am guessing that they will only have 1 mode which will have lots of settings for energy recovery, fuel saving, over take, etc. I think that this banning 'party mode' isn't actually the real story. I think that due to Ferrari and what every the did or didn't do the FIA have learned a lot and realised that teams may have tens of 'modes' and the FIA haven't got the staff to be able to analyse the code to determine exactly what is happening on every mode and permutation of mode. So by having just 1 mode the FIA will be more able to understand how the systems are being run. I believe this is all part of the aftermath of Ferrari and their iffy running over the last few years. Nothing to do with party mode at all. If teams dont take life out of the PU by using a party mode then they will have more of a slightly lower power mode to use and stay within the life of the pu. My guess is Merc wont have the 0.8-1 sec gap behind them in quali, maybe 0.5sec. They will be able to pull out more of a gap during the race and be in a better position to defend should they need to.
Williams Racing is acquired by Dorilton Capital Tweet Share on Facebook Share on LinkedIn 21 Aug 2020 NEW ERA SECURES LONG-TERM FUTURE OF THE F1 TEAM AND PAVES THE WAY FOR RENEWED COMPETITIVENESS Friday 21st August 2020, Grove. Williams Racing has been acquired by Dorilton Capital, bringing a successful conclusion to the Strategic Review which was launched in late May. Dorilton Capital is known for its long-term approach to investment and its key focus will be to restore the competitiveness of the team. This 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. As part of the Strategic Review, Williams together with the Group’s financial advisers, conducted a comprehensive review of all the options available to the Company, which included exploratory discussions with a series of potential investors. This strategic review has now successfully concluded and the Company is pleased to announce the sale of Williams Racing to Dorilton Capital. This Transaction received the unanimous support of the Board of Williams, including Sir Frank, who determined the Transaction delivers the best outcome for the Company’s shareholders and secures the long-term success of the Williams Formula 1 team. Dorilton Capital is a private investment firm headquartered in the United States with a strong track-record of building and enhancing companies with a flexible and patient investment style. Dorilton recognises and appreciates the importance of respecting and retaining Williams’ heritage and culture and is committed to maintaining its identity. The team will continue to race and compete under the Williams brand, with the chassis name remaining unchanged. Dorilton has no plans to re-locate the team from Grove, its traditional home. The new Concorde Agreement is set to transform the sport and will help address the historical challenges that Williams has faced as an independent constructor, by reducing the financial and on-track disparities between teams and creating a fairer, more competitive sport. The new changes present an exciting opportunity for Williams, which together with the new ownership, will secure the long-term future of Williams at the pinnacle of motorsport. Claire Williams, Deputy Team Principal, commented: “The Strategic Review was a useful process to go through and proved that both Formula One and Williams have credibility and value. We have now reached a conclusion and we are delighted that Dorilton are the new owners of the team. When we started this process, we wanted to find a partner who shared the same passion and values, who recognised the team’s potential and who could unlock its power. In Dorilton we know we have found exactly that. People who understand the sport and what it takes to be successful. People who respect the team’s legacy and will do everything to ensure it succeeds in the future.As a family we have always put our team first. Making the team successful again and protecting our people has been at the heart of this process from start. This may be the end of an era for Williams as a family owned team, but we know it is in good hands. The sale ensures the team’s survival but most importantly will provide a path to success. We are enormously grateful to Dorilton for the faith they have shown in our team and we look forward to working with them now. I would also like to thank the Williams Board and our advisers who have worked tirelessly over the past months to make this happen and our employees who have remained steadfastly loyal.” Mike O’Driscoll, CEO of Williams, commented: “The transaction announced today marks the next stage in the history of Williams Formula 1 at an exciting time in the sport. The Company has successfully completed its strategic review and we are pleased to announce the sale to Dorilton Capital, which delivers a great outcome for shareholders and secures the long term future of the Company.” Matthew Savage, Chairman of Dorilton Capital, commented: “We are delighted to have invested in Williams and we are extremely excited by the prospects for the business. We believe we are the ideal partner for the company due to our flexible and patient investment style, which will allow the team to focus on its objective of returning to the front of the grid. We look forward to working with the Williams team in carrying out a detailed review of the business to determine in which areas new investment should be directed. We also recognise the world class facilities at Grove and confirm that there are no plans to relocate.”
I do hope that it will help Williams move forward on the grid while still maintaining some of the history. Maybe a shake up of management would improve their chances. I'm not saying Frank or Claire have done a bad job but I think time has moved on and they need to move forward as well. While it is great that Williams build so much of their own car and sub out as little as possible, I feel it's not helping them at the moment. Good Luck to all at Williams and I look forward to seeing them on the podium.
The BBC are saying they will keep the Name ( and stay at Grove ) . Part of me Hoped Latifi's Dad may get involved and perhaps he has . Either way I hope this lot mean well and slowly but Surely Williams can start edging to where I feel they belong .
?? The bought 75% then turned it into Lotus, Renault then sold their last 25%. In 2015/16 they sold it back to Renault!!!
