Williams said that next year’s cost cap and expected changes to the distribution of commercial income should deliver a more level playing field from 2021, and that it was carrying out a strategic review “to ensure it is well positioned to take advantage of Formula 1’s new era”
“Options being considered include, but are not limited to, raising new capital for the business, a divestment of a minority stake in WGPH, or a divestment of a majority stake in WGPH including a potential sale of the whole Company,” Williams said in a statement, adding that it had not been approached by any buyers, but is in “preliminary discussions with a small number of parties regarding a potential investment in the Company”.
Williams Grand Prix Holdings includes the Formula 1 team, and a minority stake in Williams Advanced Engineering, which was set up to exploit the group’s engineering expertise. A majority stake was sold off last year.