Williams denies plans for Stroll investment in team

Williams has played down any suggestion that its deal with development driver Lance Stroll could be a precursor to his father Lawrence becoming a shareholder in the outfit.

As part of an effort to help European Formula 3 frontrunner Stroll's racing career, Williams is helping him with his career development, which includes extensive simulator work.

The fact that Stroll moved across from a position in Ferrari's junior driver programme prompted talk at the time that there could be a wider motive, potentially involving fashion entrepreneur Lawrence Stroll taking a stake in the outfit.

But speaking at a media briefing to discuss Williams' latest financial results, the team has made it clear that there are no plans for any change in current shareholding – and that the issue has never even been discussed with Stroll.

Williams group CEO Mike O'Driscoll said: "We have never talked to Lawrence about shareholding. We have a really strong shareholder structure today: Frank [Williams] with majority, Brad Hollinger (15 percent) , Patrick Head who still owns 10 percent and then the rest free flow.

"I think we have a really strong shareholder structure today and we haven't had conversations with either Lawrence nor anyone else about investing in the team."

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About this article
Series Formula 1
Drivers Lance Stroll
Teams Williams
Article type Breaking news