Williams Racing Still Needs More Cash, Says F1 Team’s Principal

British Formula One team Williams Racing will need more funding from owner Dorilton Capital in the coming years to get on a solid financial footing, according to Team Principal James Vowles.

“We’re not financially stable,” Vowles said in a Bloomberg TV interview as Williams launched its 2024 livery in New York City. “We’re going on the right pathway towards it, but it does require Dorilton to do an investment into the organization year-on-year to make sure we are still in a strong place.”

WATCH; Williams Racing Team Principal James Vowles discusses the organization’s long-term strategy as the British Formula One team navigates through financial instability.

Source: Bloomberg

The storied team with nine constructors’ championships under its belt has been struggling financially for some ...