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This weekend’s Italian Grand
Prix at Monza will mark the final race for the Williams family in Formula
One. After 43 years and 739 Grands Prix, the family is set to leave the
sport following the recent change in ownership to Dorilton Capital.
Sir Frank and Claire have ensured the family have remained at the helm of
the team since the first race on 8th May 1977 at the Circuito de Jarama in
Spain. The team has been through many periods of triumph and adversity but
has always navigated them as a family. Williams has won 114 Grands Prix,
taken 128 pole positions and secured 133 fastest laps, culminating in nine
Constructors’ and seven Drivers’ World
Championships. It is the third longest standing team in the history of the
sport and one of the most successful.
The recent conclusion of the Strategic Review process and consequent sale of
Williams Grand Prix
Engineering to US-based investment firm, Dorilton Capital ensures the
long-term future of the Williams
Formula One team and provides a timely point at which the Williams family
have chosen to exit the sport.
Claire Williams OBE, Deputy Team Principal: “With the future of the team now
secured, this feels like the appropriate time for us to step away from the
sport. As a family, we have always prioritised Williams. We have
demonstrated that by our recent actions with the Strategic Review process
and we believe now is the right time to hand over the reins and give the new
owners the opportunity to take the team into the future.
“We have been in this sport for more than four decades. We are incredibly
proud of our track record and the legacy we leave behind. We have always
been in it for the love of it, for the pure pleasure of going motor racing,
so this is not a decision that we have taken lightly but after much
reflection and as a family.
“We are greatly appreciative of Dorilton’s encouragement to continue, but in
them we know the team will be in good hands and the Williams name will live
on. This may be the end of an era for Williams as a family-run team, but it
is the beginning of a new era for Williams Racing and we wish them much
success in the future. “On behalf of Frank and the Williams family, I would
like to say how incredibly grateful and humbled we are for the support we
have enjoyed over the years, from our friends in the paddock to the many
fans around the world. But mostly, we would like to thank our team. People
who have worked at Williams in the past and present. They are the true
warriors of this team and have made it what it is and we wish them well.
Formula One has been our life for so long and now it’s time for a new
chapter in our lives to begin.”
Matthew Savage, Chairman of Dorilton Capital and Williams Grand Prix
Engineering, said: “We fully respect the very tough decision of Claire and
the Williams family to step away from the team and the business after
securing new resources for its future. Claire’s achievement in sustaining
Williams Racing’s heritage, relevance and commitment to innovation in a
difficult environment since taking charge in 2013 has been nothing short of
monumental. She has also been hugely instrumental in shaping a more level
technical and financial playing field for F1, which will help to ensure the
team’s return to the front of the grid in seasons to come. We are proud to
carry the Williams name into the next exciting phase for the sport and we
thank Sir Frank, Claire and the Williams family for the opportunity to be
part of this great British brand.” |