Williams considers full sale of struggling Formula 1 team
OXFORD, England (AP) — Williams is considering selling its storied Formula One team because of financial problems. The Williams Grand Prix Holdings group says it is looking at a range of options as part of a “new strategic direction.” That includes selling a minority or majority stake and even “a potential sale of the whole company.” The group is in preliminary discussions with some parties regarding a potential investment in the company. Williams was founded in 1966 and is the third most successful team in the sport with nine constructors’ titles and seven drivers’ titles. Williams has struggled in recent years. It finished in last place in the constructors’ standings in 2018 and ’19.