Brown: New Williams owners need to "get their chequebook out"

McLaren Formula 1 boss Zak Brown believes the new Williams owners will need to “get their chequebook out” to help turn the team’s fortunes around.

Brown: New Williams owners need to "get their chequebook out"
Listen to this article

After the Williams family announced back in May that it was considering selling the team, American investment fund Dorilton Capital acquired the British squad at the end of August.

The deal put an end to the financial uncertainty facing the Williams team, giving a boost to its finances after recording a loss of £13 million through 2019.

Parallels were drawn between Williams and McLaren, both teams that won F1 titles through the 1980s and ‘90s but have since dropped back from the leading teams.

McLaren fell as low as ninth in the F1 constructors’ championship in 2015 and 2017, but has since undertaken a significant recovery programme both on- and off-track.

The team sealed third place in the constructors’ championship this year, marking its best finish since 2012, and announced £185m of fresh investment on the eve of the season finale in Abu Dhabi.

Asked if Williams was capable of completing a turnaround similar to McLaren, Brown said it was possible, but would require spending from the new owners to kick-start a recovery.

“They’re a great racing team,” Brown said.

“They’re going to need to invest, the new investors, a lot of money. They are behind in revenue from finishing 10th in the championship, and doesn't appear to have much sponsorship.

“They have the people, the know-how, the skill. They just need the resources which they’ve lacked.

“So it will take some time, but I think they’ve made a big step for this year. While they’re yet to score a point, they’ve certainly been in a position to a couple of times.

“There’s no reason why they can’t, but they’ll need to continue to invest in the team, because it looks to me that they don’t have the same level of revenue that we had.

“As we know in Formula 1, it takes money to go fast, so they just need to continue to get their chequebook out.”

Read Also:

Williams recently announced that former McLaren F1 CEO Jost Capito would be joining the team for the 2021 season, as well as handing Simon Roberts the role of team principal on a permanent basis.

George Russell and Nicholas Latifi will continue to race for the team next year, with the latter bringing significant sponsorship and backing from Canada that helps to support its racing operations.

shares
comments

Related video

Red Bull could build its own engine for next F1 regulations
Previous article

Red Bull could build its own engine for next F1 regulations

Next article

Why a new era for Williams could beckon success

Why a new era for Williams could beckon success
Load comments
Why Mercedes' Spanish GP gains aren't as grand as they seemed Prime

Why Mercedes' Spanish GP gains aren't as grand as they seemed

Mercedes' strong showing in last weekend's Spanish Grand Prix prompted team boss Toto Wolff to say it had halved its deficit to the leaders and its Formula 1 title chances were back on after a rocky start to the 2022 campaign. But a closer inspection of the team's performance suggests its gains aren't as grand as they first appeared

What's next for the Green Red Bull controversy? Prime

What's next for the Green Red Bull controversy?

From the 'pink Mercedes' to the 'Green Red Bull', the Silverstone-based team has received suspicious glares from up and down the Formula 1 paddock over its car design exploits. But after being cleared by the FIA over its Spanish Grand Prix updates amid a backdrop of cries of foul play, what's next in this saga?

Formula 1
May 24, 2022
Spanish Grand Prix Driver Ratings 2022 Prime

Spanish Grand Prix Driver Ratings 2022

In an unusually hectic Formula 1 Spanish Grand Prix, Charles Leclerc was denied a dominant performance by his Ferrari engine letting go which allowed Max Verstappen to pick up the pieces. But numerous flashpoints kept the race twisting and turning throughout, with one perfect score from an emerging contender

Formula 1
May 23, 2022
How Verstappen overcame his and Red Bull’s errors to win in Spain Prime

How Verstappen overcame his and Red Bull’s errors to win in Spain

Charles Leclerc’s Ferrari engine disaster offered an open goal for Max Verstappen and Red Bull to strike, but the reigning Formula 1 world champion still had to solve multiple errors and profit from a begrudged assist from team-mate Sergio Perez, which created an unexpectedly eventful Spanish Grand Prix

Formula 1
May 23, 2022
Why Red Bull can win a Spanish GP that looked perfect for Ferrari Prime

Why Red Bull can win a Spanish GP that looked perfect for Ferrari

Formula 1's return to Spain on Friday ended with Ferrari leading the way from Mercedes, while Red Bull could only manage third fastest overall courtesy of Max Verstappen. But its chances of victory are far from remote with a deeper dig into the times despite Ferrari's strong start...

Formula 1
May 20, 2022
The key aspects of Porsche and Audi's planned F1 entries Prime

The key aspects of Porsche and Audi's planned F1 entries

The VW Group’s German superpowers of sportscar racing have all but confirmed they are coming to F1 when the next set of engine rules come into force in 2026. Here's why both manufacturers are all set to take the plunge, and crucially how it might work

Formula 1
May 19, 2022
How Vegas went from byword for F1 indifference to grand Liberty coup Prime

How Vegas went from byword for F1 indifference to grand Liberty coup

Holding a race in Las Vegas – party central, a city of dreams and decadence and, yes, more than a smattering of tackiness – has been on Liberty Media’s most-wanted list since it acquired Formula 1’s commercial rights. But, as LUKE SMITH explains, F1 has been here before and the relationship didn’t work out

Formula 1
May 18, 2022
Why de Vries' FP1 outing could add a new path to his current crossroads Prime

Why de Vries' FP1 outing could add a new path to his current crossroads

A Formula 2 and Formula E champion, Nyck de Vries is currently considering where his future in motorsport lies. Continuing in WEC and Formula E is possible and he's also courted glances Stateside after impressing in an IndyCar test. But ahead of his Formula 1 FP1 debut with Williams, he could have another option if he impresses...

Formula 1
May 18, 2022