Following the immediate termination of their deal with title sponsor ROKiT last week, Williams released a statement saying ‘’Options being considered include, but are not limited to, raising new capital for the business, a divestment of a minority stake in WGPH, or a divestment of a majority stake in WGPH including a potential sale of the whole company.’’
Speaking to RaceFans and Sky F1, Claire Williams said the team “haven’t put a time frame on this process but we want to complete it within the next three to four months.’’
“We like to do things fast in Formula 1, don’t we? We feel that we can achieve it in that time frame.’’
‘’This is something that will ensure the future sustainability of our team and the Williams family has always been about that. We put our team first and we put its success first.’’
‘’The investment that we're looking for is going to help us achieve that. So for me, this is a good thing what we're doing, and it shouldn't be looked at in a negative, disappointing way, or anything other than positive.
‘’The people at Williams understand that and they're excited. This could potentially give us a very positive future.’’
Williams also confirmed that the team will be able to complete the 2020 season without any financial worries and the team name will still be Williams.
"But I can absolutely, wholeheartedly promise you that we have a fully-funded budget to continue this year's calendar, whatever that calendar may look like.’’
"The car will still be a Willams, it will still be the same people involved putting that car on the grid on a Sunday. George and Nicholas will still be in it, the only thing that will change is we will have a slightly different livery.’’
"We will be giving it, as we would each and every year we go racing, our absolute all to do the best job we can."