Fresh blood
We’ve tried to do as much development on our car as we can with one hand tied behind our back
It’s no secret that Williams Racing has struggled in Formula 1 for the last few seasons, finishing last in the Constructors’ Championship three years in a row running up to 2021.
Technical and business management re-structuring has unquestionably caused some trials for the team in recent years, but the challenges the team has been facing are multi-faceted.
Formula 1’s current revenue structure, introduced in 2012, formed the origin of its financial issues, solved only recently by the American private investment firm, Dorilton Capital’s, acquisition of the team in August 2020.
This transaction received the unanimous support of the board at Williams, including Sir Frank Williams.
He determined the transaction delivers the best outcome for the company’s shareholders, and secures the long-term success of the Williams Racing Formula 1 team.
With that, Sir Frank Williams and Claire Williams stepped down from their roles as team principal and deputy team principal, respectively, in September 2020.
Williams Racing’s managing director F1, Simon Roberts, then became team principal, following the appointment of a new CEO, 40-year motorsport veteran, Jost Capito.
With the appointments out of the way,
Racecar Engineering can concentrate on Williams Racing’s 2021 challenger, the FW43B.
Evolved development
The ‘B’ in the 2021 car’s nomenclature denotes an evolution of the 2020 FW43, carrying over the same chassis, nose and a series of other parts from its predecessor.
‘We’ve tried to do as much development on our car as we can with one
