user icon
user icon

Williams to run on a 'healthy' budget in 2020

  • Published on 25 Jan 2020 09:50
  • comments 4
  • By: Fergal Walsh

Williams has a "healthy" budget to make it through the 2020 Formula 1 season, according to its deputy team principal Claire Williams. 

The Grove squad has endured two difficult years at the back of the field, with 2019 seeing it score just a single point in 21 races.

Following the departure of Robert Kubica at the end of last season, who has since signed as Alfa Romeo's reserve driver, Williams has secured the services of Nicholas Latifi.

MOREWilliams has 'absolute confidence' it will be ready for pre-season testing | Williams: Nissany will 'have to put the work in' to secure future F1 race seat

With Latifi comes significant financial backing, however it has lost major sponsors such as Orlen and Unilever, with the latter switching to McLaren.

Williams also sold a majority stake in Williams Advanced Engineering before Christmas. 

Keen to avoid a continued run of being unable to compete against other teams, Williams says her team has a strong budget heading into the new season.

"Sponsorship is hard, it isn't easy," she told Autosport. "We all know that and I don't think any team is finding the sponsorship market in F1 very easy.

"Our business model actually relies heavily on sponsorship and it's never easy. It hasn't been for the past decades, but we still managed to find a healthy racing budget with which to do what we need to do over the course of the year.

"We have that going into this year. Obviously, as you all know, we sold a majority stake in Advanced Engineering, the proceeds of which come into the F1 team, in order to bolster the budget as well. So I have no concerns over the racing budget for 2020."

2020 is expected to be an expensive season for teams, who will have to cope with the financial aspects of developing the 2020 car as well as building the 2021 car, which will be part of a regulatory overhaul. 

Replies (4)

Login to reply
  • MarkZ

    Posts: 7

    Now I understand why Latifi was signed

    • + 1
    • Jan 25 2020 - 15:53
  • xoya

    Posts: 526

    I don't care how, but please survive, Williams. Survive and get back on your feet. F1 and it's fans need you.

    • + 1
    • Jan 25 2020 - 18:55
  • They shouldn't stop with new sponsors and should keep going with some new management.

    • + 0
    • Jan 27 2020 - 00:01
  • JuJuHound

    Posts: 221

    If I remember well Advanced Engineering was bringing some profits to their business, so selling it was a good business but brought one shot money delivery only. It seems they have no chained profitable business right now, and all have to do is lookin and counting on sponsors.
    They are battling to survive and waiting for rules change hoping they will bring back 2014 season. I doubt that but... I still hope they will go on.

    • + 1
    • Jan 27 2020 - 14:14

Test calendar

See full test schedule

Related news

AU Grand Prix of Australia

Local time 

  • Friday weather-image

    Saturday weather-image

    Sunday weather-image

  • Free practice 1

    02:00 - 03:30

    Free practice 3

    04:00 - 05:00

    Race

    06:10 - 08:10

  • Free practice 2

    06:00 - 07:30

    Qualifying

    07:00 - 08:00

    Fastest lap

     

AU Grand Prix of Australia

Local time 

  • Fridayweather-image

  • Free practice 1

    02:00 - 03:30

    Free practice 2

    06:00 - 07:30

  • Saturdayweather-image

  • Free practice 3

    04:00 - 05:00

    Qualifying

    07:00 - 08:00

  • Sunday weather-image

  • Race

    06:10 - 08:10

    Fastest lap

    06:10 - 08:10

Give your opinion!

Are you excited about Racing Point being rebranded to Aston Martin?

World Championship standings 2019

Show full world champion standings

Team profile

Show full profile

Formula 1 Calendar - 2020

Date
Grand Prix
Circuit
-
Spain
-
Spain
13 - Mar 15
Australia
20 - Mar 22
Bahrain
3 - Apr 5
Viet Nam
17 - Apr 19
China
1 - May 3
Netherlands
8 - May 10
Spain
21 - May 24
Monaco
5 - Jun 7
Azerbaijan
12 - Jun 14
Canada
26 - Jun 28
France
3 - Jul 5
Austria
17 - Jul 19
United Kingdom
31 - Aug 2
Hungary
28 - Aug 30
Belgium
4 - Sep 6
Italy
18 - Sep 20
Singapore
25 - Sep 27
Russian
9 - Oct 11
Japan
23 - Oct 25
United States of America
30 - Nov 1
Mexico
13 - Nov 15
Brazil
27 - Nov 29
United Arab Emirates
See full schedule

Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
13 - Mar 15
Australia Albert Park
20 - Mar 22
3 - Apr 5
Viet Nam Hanoi Circuit
17 - Apr 19
1 - May 3
Netherlands Circuit Zandvoort
8 - May 10
21 - May 24
Monaco Monte Carlo
5 - Jun 7
Azerbaijan Baku City Circuit
12 - Jun 14
26 - Jun 28
France Paul Ricard
3 - Jul 5
Austria Red Bull Ring
17 - Jul 19
United Kingdom Silverstone
31 - Aug 2
Hungary Hungaroring
28 - Aug 30
4 - Sep 6
Italy Monza
18 - Sep 20
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
23 - Oct 25
United States of America Circuit of the Americas
30 - Nov 1
13 - Nov 15
Brazil Interlagos
27 - Nov 29
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar