Williams acquired by private investment firm Dorilton Capital

Williams Racing has been acquired by American investment firm, Dorilton Capital, the team confirmed on Friday.

The nine time Formula 1 Constructors’ championship winners have been struggling both on and off the circuit in recent years, with the team confined to the back of the grid since 2018.

As a result, the Grove-based squad has also suffered a loss in its financial revenues and earlier in the year they announced that they would be putting the team up for sale, having previously raised finance by securing their assets and heritage cars against the loans.

The team will now be owned by Dorilton Capital, an American based private investment firm, and they have already confirmed that the Williams name and car chassis names will remain.

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Speaking about the sale of the team, Williams Deputy Team Principal Claire Williams said: “The Strategic Review was a useful process to go through and proved that both Formula One and Williams have credibility and value.

“We have now reached a conclusion and we are delighted that Dorilton are the new owners of the team.

“When we started this process, we wanted to find a partner who shared the same passion and values, who recognised the team’s potential and who could unlock its power.

“In Dorilton we know we have found exactly that. People who understand the sport and what it takes to be successful.

“People who respect the team’s legacy and will do everything to ensure it succeeds in the future. 

“As a family we have always put our team first. Making the team successful again and protecting our people has been at the heart of this process from start.

“This may be the end of an era for Williams as a family owned team, but we know it is in good hands.

“The sale ensures the team’s survival but most importantly will provide a path to success.

“We are enormously grateful to Dorilton for the faith they have shown in our team and we look forward to working with them now.

“I would also like to thank the Williams Board and our advisers who have worked tirelessly over the past months to make this happen and our employees who have remained steadfastly loyal.”

Chairman of Dorilton Capital, Matthew Savage also added that he believes that with his company’s investment, Williams will be able to return to the sharp end of the grid.

“We are delighted to have invested in Williams and we are extremely excited by the prospects for the business.” commented Savage.

“We believe we are the ideal partner for the company due to our flexible and patient investment style, which will allow the team to focus on its objective of returning to the front of the grid.

“We look forward to working with the Williams team in carrying out a detailed review of the business to determine in which areas new investment should be directed.

“We also recognise the world class facilities at Grove and confirm that there are no plans to relocate.”