Various parties are showing ‘really strong’ interest in investing in Williams, team principal Claire Williams has said.
The British team has endured a difficult few years. On track, they have firmly become the backmarkers of the grid, while off-track, their financial situation has progressively become worse and worse.
These struggles only increased during the racing hiatus, and, in the midst of it, they announced that they were taking various refinancing measures and were looking to sell stakes in the team going forward.
While nothing has been officially announced yet, Claire Williams says that she is pleased with the interest being shown.
“There is not a whole lot more news other than to say the process is going well and we’re really happy with the interest that we’ve received and the quality of that interest has been really strong as well,” she told Formula1.com.
“It’s a process and it’s going to take a little while to go through that. As and when we can make an announcement, we will.
“We’re looking forward to it, it’s going to set Williams up really well and in conjunction with the new regulations coming through next year, in particular the new financial regulations, it’s going to put Williams on a good footing for hopefully moving forward to much better times for the team.”
This is some much-needed good news for the team, with their title sponsor ROKIT withdrawing their support in May and now set to offer it to Mercedes instead.
Things are beginning to look up on the track too. While they failed to score any points in the opening race of the season, their pace was much closer to the midfield than it was last season, with George Russell managing to qualify in P17 on Saturday.
Check out the latest episode of our Torquing Point podcast as the team reflect on a crazy opening race in Austria: