Williams: We don't need F1 pay drivers any more

The Williams Formula 1 team says that its current financial circumstances under new owner Dorilton Capital means it is not dependent on taking pay drivers for next year.

Williams: We don't need F1 pay drivers any more

With the outfit having faced years of financial headaches to keep its head above the water amid the ever-increasing costs of F1, Williams came to rely many times on drivers with good financial backing.

These included Pastor Maldonado, Lance Stroll and Nicholas Latifi, all of whom delivered mixed results.

However, the increased investment from Dorilton, allied to F1’s cost cap and new structure for commercial rights income, has left the team is a much better financial situation.

It means that, as Williams ponders its driver option for 2022, it does not necessarily need to only go chasing after those who can offer it the best sponsorship packages.

Neither of its current line-up are contracted for 2022. Latifi’s deal runs out at the end of the season, but he is interested in remaining in F1 despite being linked with a switch to IndyCar.

George Russell is in the frame for a move to the Mercedes team if the German car manufacturer elects not to retain Valtteri Bottas, but Williams would like to keep hold of him if it can.

Amid uncertainly about what Williams will do, recent speculation has also linked Mercedes Formula E driver Nyck de Vries with a seat, which could form part of a financial arrangement with Mercedes.

Williams team principal Jost Capito says that the Grove-based squad is in a luxury situation of being able to choose who it wants for 2022 – rather than having to worry specifically about income.

“I think we at Williams, we are in the position that we solely decide on the drivers,” explained Capito. “We are not dependent like in the past on somebody, a driver who brings money.

“We have a long-term plan to get back to the top, and we have to choose the drivers that fit into that plan. We are just thinking about this. Of course everybody can talk to us, but the decision is with us.”

Read Also:

Capito thinks that with a lot of teams having locked down their drivers for 2022, Williams is an attractive option for a lot of people.

“I think every driver who hasn’t got a fixed seat for next year, or has an option for next year, is talking to us at the moment,” Capito said.

“It is the most aspired seat in Formula 1 right now for a team that has to fill a seat.”

shares
comments

Related video

How Mercedes became embroiled in its toughest F1 fight yet

Previous article

How Mercedes became embroiled in its toughest F1 fight yet

Next article

Ferrari has the best driver line-up in F1, claims Binotto

Ferrari has the best driver line-up in F1, claims Binotto
Load comments
The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Prime

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed? Prime

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed?

Aston Martin owner Lawrence Stroll is determined to make the group a billion-dollar business. MARK GALLAGHER analyses his latest play – bringing former McLaren team principal Martin Whitmarsh into the fold

Remembering Switzerland’s first F1 winner Prime

Remembering Switzerland’s first F1 winner

Stepping up to F1 in 1962, Jo Siffert shone with Rob Walker Racing Team and BRM before his career was abruptly ended in a fatal crash at Brands Hatch in 1971. Kevin Turner looks back at the life of Switzerland's first F1 winner on the 50th anniversary of his death

Formula 1
Oct 21, 2021
What Verstappen is risking with his current stance on 2021 F1 world title defeat Prime

What Verstappen is risking with his current stance on 2021 F1 world title defeat

OPINION: Max Verstappen is back in the lead of the 2021 Formula 1 drivers’ championship, with the season’s final flyaway events set to get underway in the USA this weekend. But a defensive stance he’s recently adopted could have a lasting impact for the Red Bull driver when it comes to his chances of defeating Lewis Hamilton and Mercedes

Formula 1
Oct 21, 2021
The hidden Ferrari struggle that Sainz’s recent charge put to rest Prime

The hidden Ferrari struggle that Sainz’s recent charge put to rest

Despite appearing to adjust to life as a Ferrari driver with relative ease, it was far from straightforward under the surface for Carlos Sainz. But, having made breakthroughs in rather different routes at the Russian and Turkish races, he’s now targeting even greater feats for the rest of the Formula 1 season

Formula 1
Oct 20, 2021
The final throes of Brazil's fleetingly successful F1 team Prime

The final throes of Brazil's fleetingly successful F1 team

Emerson Fittipaldi is better remembered for his Formula 1 world championships and Indianapolis 500 successes than for the spell running his eponymous F1 team. Despite a hugely talented roll call of staff, it was a period of internal strife, limited funding and few results - as remembered by Tim Wright.

Formula 1
Oct 18, 2021
Why McLaren's expanding agenda will benefit its F1 resurgence Prime

Why McLaren's expanding agenda will benefit its F1 resurgence

In the 1960s and 1970s, McLaren juggled works entries in F1, sportscars and the Indy 500 while building cars for F3 and F2. Now it’s returning to its roots, expanding into IndyCars and Extreme E while continuing its F1 renaissance. There’s talk of Formula E and WEC entries too. But is this all too much, too soon? Stuart Codling talks to the man in charge.

Formula 1
Oct 17, 2021
How Tsunoda plans to achieve his F1 potential Prime

How Tsunoda plans to achieve his F1 potential

Yuki Tsunoda arrived in grand prix racing amid a whirlwind of hype, which only increased after his first race impressed the biggest wigs in Formula 1. His road since has been rocky and crash-filled, and OLEG KARPOV asks why Red Bull maintains faith in a driver who admits he isn’t really that big a fan of F1?

Formula 1
Oct 15, 2021