Claire Mackintosh – EMPICSGetty Images
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A new investment fund comes to Formula 1. Dorilton Capital, a US investment fund, has acquired the Williams structure, promising to keep the name and the headquarters of the team, acting only as financial support before an expected revaluation of the Grove team which is I was in a very difficult financial situation.
Quiet situation for the team
“We are delighted that Dorilton is the new owner of the team. When we began this process, we wanted to find a partner who shared the same passion and values, who recognized the potential of the team, and who could unleash its power. With Dorilton we know that we have found exactly that, people who understand the sport and what it takes to be successful, who respect the legacy and who will do everything they can to ensure success. “Claire Williams stated.
“This may be the end of an era for Williams as a family team, but we know we are in good hands. The sale ensures the survival of the team, and most importantly, it provides a path to success. ”, complemented who has held Williams’ reins since Frank stepped away from management.
From the mutual fund with Matthew Savage at the head, they claim to be “Delighted to have invested in Williams, and very excited about the business prospects. We believe that we are the ideal partner for this company due to our flexible and patient investment style, which will allow the team to focus on their goal of getting back to the front of the grid. We look forward to working with the Williams team for a detailed business review to determine where new investments should be directed. The team has a world-class facility in Grove and we ensure there are no relocation plans. “
Neither name change nor relocation
For all intents and purposes, and as has happened in recent cases where investment funds have entered, nothing should change in the short term, beyond the fact that the Williams family loses control of it in the event of a hypothetical sale to third parties or a more unlikely termination. of activity.
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