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Williams in talks with "high quality" investors, full sale still possible

Williams in talks with "high quality" investors, full sale still possible

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Williams in talks with "high quality" investors, full sale still possible

Williams in talks with "high quality" investors, full sale still possible

Williams deputy team principal Claire Williams has confirmed the company is in talks with a number of "high quality" investors in a bid to secure its Formula 1 future.

After announcing £13million losses at the end of May, the team also confirmed it was for sale, or it would accept divesting either a majority or minority shareholding.

At this stage, it is unlikely to be late August at the earliest that Williams is in a position to announce firm details as to its plans, but for now, there is naturally considerable interest.

Providing an update on the situation, Williams said: "We’re happy with the process and how it is going so far.

“We have received a number of very interesting potential investors and we’re talking to those at the moment.

“They are of a high quality, which we’re delighted about, and we continue to go through that process.

“We said we anticipated that it would last for anywhere between three to four months and we’re still on that timeline.”

Williams has confirmed the parameters regarding any potential deal have not altered since the original declaration.

"As everybody knows, Williams is a listed company," said Williams. "We have to operate as per the Takeover Code and Panel, and their guidelines that they dictate. That's why the strategic review process is as it is.

"We are looking for either investment into the team, the divestment of either a minority or majority shareholding, or full sale.

"We're still thinking along any of those lines. The options are available to us, and it will be the board's decision as to the best option that's put on the table."

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