Home Sport Will Williams’ future be threatened by coronavirus? – Info thread – Formula 1

Will Williams’ future be threatened by coronavirus? – Info thread – Formula 1

by drbyos

While the leaders of the Williams team hoped to take advantage of the 2020 season to regain color with a more competitive car, the epidemic of coronavirus has totally dashed this hope. So much so that Claire Williams, her manager, wonders about the financial future of her team, with a real fear of having to close the door: “Even if we don’t drive, we still have wages to pay. We spend less, but for most teams, their payroll accounts for the bulk of their monthly expenses. If we can’t make it to the Grands Prix, then what happens with the FOM premium money? Does the amount decrease then, which would obviously be incredibly difficult for us? We are also discussing everything about insurance, but it is not an easy situation to manage. “

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