Formula One News Roundup: Week 11

May 30, 2020 James Gregory 0

From a legendary team going on the market to budget cap approval, Formula One has thrown up another lively week of gossip in our news roundup.

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Williams F1 Team Up For Sale

May 29, 2020 James Gregory 1

“The WGPH [Williams Grand Prix Holdings] board is undertaking a review of all the various strategic options available to the Company. Options being considered include, but are not limited to, raising new capital for the business, a divestment of a minority stake in WGPH, or a divestment of a majority stake in WGPH including a potential sale of the whole Company. Whilst no decisions have been made regarding the optimal outcome yet, to facilitate discussions with interested parties, the Company announces the commencement of a “formal sale process”.”

The statement continued: “The Company is not in receipt of any approaches at the time of this announcement and confirms that it is in preliminary discussions with a small number of parties regarding a potential investment in the Company. There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made. The WGPH board reserves the right to alter or terminate the process at any time and if it does so it will make an announcement as appropriate. The WGPH board also reserves the right to reject any approach or terminate discussions with any interested party at any time.”

Who is on Mercedes’ Radar?

May 25, 2020 James Gregory 1

As rumours continue to surround Sebastian Vettel’s future in Formula One, Mercedes could find themselves at a crossroads in terms of their future driver direction.