F1 INSIDER

01 WILLIAMS FAMILY CASHES OUT F1’s last original team owner sells to investors

02 RACING POINT SAVIOUR DITCHED Pérez out as team recruits Vettel for ’21

03 NEW F1 ENTRANTS MUST PAY $200MILLION

01 NEW DAWN FOR WILLIAMS AS TEAM IS SOLD

“THE WRITING HAS BEEN ON THE WALL SINCE 2017, WHEN IT UNDERTOOK A FRESH ROUND OF REFINANCING”

Sir Frank Williams has been a fixture in Formula 1 since 1969, and the team that bears his name remains the second most successful of all time in terms of constructors’ championships won. The name will remain but the Williams family has taken its leave, stepping away from management duties after selling the team to Dorilton Capital, an investment fund acting on behalf of a high-net-worth European family.

While Sir Frank had remained nominally in charge of the team, and held a majority shareholding of 52.25%, his daughter Claire superintended day-to-day operations in her role as deputy team principal. Mike O’Driscoll, who has been Group CEO since 2013 and held a minority shareholding, announced that he would be retiring after the transition