user icon

Ecclestone 'looking around' to find investors for Williams

  • Published on 05 Jun 2020 12:40
  • comments 1
  • By: Fergal Walsh

Bernie Ecclestone says that he is searching for potential investors for Williams, whose future in Formula 1 in doubt.

Last week, the Grove-based squad announced that it has begun the process of selling the team and that has already held discussions with interested parties.

Williams has endured a couple of difficult seasons in F1 and its financial worries have only deepened amid the crisis caused by the coronavirus pandemic.


MORERalf Schumacher calls on Frank and Claire Williams to step aside

MOREClaire Williams: Sale of team should only be viewed as positive


Ecclestone, a former team boss and the ex-supremo of F1, says Williams dropping off the grid would be a big loss for the sport.

"Williams would be a great loss, 100 per cent," he told AFP. "I am looking around to find people who could and might be involved.

“Owning a team is a very expensive hobby. "I hope it is not the end of the Williams team. It would be the end of an era but I hope that someone who can afford to run the team properly can be found as it is a terrible thing to lose a team like that.

"It is not thinkable. Dear old Frank had to work so hard to make sure the team competed and that happened and now to see it disappear like that, it's not good. It is a historic team.

"Unfortunately, the current management do not have the same status as Frank has. He could get things done."

Ecclestone also shared his thoughts on F1's announcement to restart the season in 2020, with the opening eight races taking place in Europe.


MOREF1 announces the opening eight races of 2020 season

MOREF1 outlines its safety plan to restart the 2020 season


Ecclestone says F1 must be wary of the possibility that COVID-19 could once again spread rapidly through communities. 

"I said right at the beginning it is not a difficult job to get eight races together," he said. "COVID-19 is easing a bit round the world, but it is not coming to an end, so they will be able to get on maybe 12 races.

"Is that good? I really don't know whether it is good or bad unlocking everything as it could start again."

Replies (1)

Login to reply
  • No please, anyone but him. Knowing Ecclestone, he will auction them off to a Russian oligarch, a Chinese shadow capital, UAE princes or just put his own spindly fingers around Williams neck to press out every last drop of money he can from it.

    • + 0
    • Jun 5 2020 - 22:26

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2022

Show full world champion standings

Test calendar

Circuit de Catalunya - Winter testing

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country United Kingdom
  • Date of b. Oct 28 1930 (91)
  • Place of b. Bungay, Suffolk, England, UK, United Kingdom
  • Weight 0 kg
  • Length 1.59 m
Show full profile

Team profile

Show full profile

Formula 1 Calendar - 2022

Date
Grand Prix
Circuit
-
Spain
-
Bahrain
18 - Mar 20
Bahrain
25 - Mar 27
Saudi Arabia
8 - Apr 10
Australia
22 - Apr 24
Italy
6 - May 8
United States of America
20 - May 22
Spain
See full schedule

Formula 1 Calendar - 2022

Date
Grand Prix & Circuit
18 - Mar 20
25 - Mar 27
Saudi Arabia Jeddah Street Circuit
8 - Apr 10
Australia Albert Park
22 - Apr 24
6 - May 8
United States of America Miami International Autodrome
20 - May 22
See full schedule
show sidebar