Legendary but battling F1 team considers selling

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F1 team could end decades of family control after $24 million loss.

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Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off the track, according to deputy principal Claire Williams.

"I feel very much that seeking inward investment at this juncture is absolutely in line with that philosophy we've always had -- to protect our team's future, to protect the people that work for us." Williams said nothing was ruled out but sidestepped a question about whether the company was at risk if a sale was not forthcoming.Williams said the review was not driven by any one, key factor such as the COVID-19 pandemic that has stalled the 2020 season and will have a big impact on revenues."We are fully funded throughout the remainder of this year to continue racing as and when we can go back to the circuit," she added.

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