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"

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
How the pitstop rules change has left F1 teams scrambling Prime

How the pitstop rules change has left F1 teams scrambling

The technical directive issued by Formula 1 to reduce levels of automation in pitstops has given teams an unwelcome period of adjustment. Although safety was the primary goal, it has already had a significant impact on the title race and puts extra pressure on teams to deliver as the season reaches the business end

How the pandemic is continuing to bite F1 Prime

How the pandemic is continuing to bite F1

Uncertainty over the shape of the calendar doesn’t just vex the fans and the commercial rights holder. MARK GALLAGHER explains at how race promoters have been pushed to the financial brink

Russian Grand Prix driver ratings Prime

Russian Grand Prix driver ratings

The 2021 Russian GP was decided by late-arriving rain that allowed some to climb and caused others to plummet. But the events which played out beforehand are equally significant when considering the all-important driver ratings

Formula 1
Sep 27, 2021
The "blind faith" Mercedes call that won Hamilton his 100th F1 race Prime

The "blind faith" Mercedes call that won Hamilton his 100th F1 race

Until rain turned the Russian Grand Prix on its head in the closing stages, Lando Norris was set to convert his first Formula 1 pole position into a maiden win. But having recovered well from being shuffled back at the start, Hamilton and his Mercedes team called the changing conditions spot-on for a landmark 100th F1 victory

Formula 1
Sep 27, 2021
Why momentum is again behind Australia's aces Prime

Why momentum is again behind Australia's aces

At the Italian Grand Prix Daniel Ricciardo turned around a troubled F1 season and, in F2, Oscar Piastri demonstrated once again that he is a potential star of the future. BEN EDWARDS weighs up the prospects of F1 having two Australian stars

Formula 1
Sep 26, 2021
The tough balancing act facing Schumacher’s Netflix film producers Prime

The tough balancing act facing Schumacher’s Netflix film producers

Michael Schumacher is the latest sporting superstar to get the ‘Netflix treatment’, with a special documentary film airing on the US streaming giant’s platform this month. DAMIEN SMITH has the inside track on how the filmmakers gained access to tell the human story behind one of Formula 1’s most publicity-shy champions - while the man himself, for obvious reasons, is in absentia… 

Formula 1
Sep 25, 2021
Why Verstappen should be confident of Russian GP recovery Prime

Why Verstappen should be confident of Russian GP recovery

For the second race in a row, Mercedes has ended the first day of track action on top. It’s in a commanding position at the Russian Grand Prix once again – this time largely thanks to Max Verstappen’s upcoming engine-change grid penalty. But there’s plenty to suggest all hope is not lost for the championship leader at Sochi...

Formula 1
Sep 24, 2021
Why dumping the MGU-H is the right move for F1 Prime

Why dumping the MGU-H is the right move for F1

OPINION: With its days apparently numbered, the MGU-H looks set to be dropped from Formula 1’s future engine rules in order to entice new manufacturers in. While it may appear a change of direction, the benefits for teams and fans could make the decision a worthwhile call

Formula 1
Sep 23, 2021