In what was a rather appalling tweet, Sky News’ Mark Kleinman on Thursday said that Williams F1 Team [https://www.essentiallysports.com/category/f1/williams/] owner might be preparing to sell a large stake in the company. WHO IS THE TEAM OWNER? Major shares in the team are held by Sir Frank Williams [https://en.wikipedia.org/wiki/Frank_Williams_(Formula_One)] who founded the company along with automotive engineer Sir Patrick Head. To date, Sir Frank is the Team Principal. The show is, however, mostly managed by his daughter, Claire Williams. If the owner Kleinman is talking about is the Williams family, then a lot may be at stake here. A strategic review is a structured process to identify new value-creating opportunities within a business. These help organizations plan ahead and find responses to problems faced. Financial and other problems have plagued the team. A review will thus clarify many things. The Grove outfit may not be performing as well as it once did, but it certainly has great potential. It has won nine constructors’ and sevens drivers’ championships since its establishment. The Briton team engaged various engine suppliers including Ford, Toyota, Renault, and BMW, to eventually settle with Mercedes in 2014. Some of Formula One’s most brilliant and reputed drivers such as Nelson Piquet, Ayrton Senna, and even current runner-up for the Drivers’ Title, Valterri Bottas have raced for Williams. The team is now home to George Russell [https://www.essentiallysports.com/tag/george-russell/] and Nicolas Latifi [https://www.essentiallysports.com/tag/nicholas-latifi/]. However, with numerous budgetary constraints, the team has been finding it very difficult to compete with its deep-pocketed counterparts. With FIA announcing new [https://www.formula1.com/en/latest/article.fia-approve-reduced-2021-f1-cost-cap-and-new-sliding-scale-rules-for-aero.7Hkn5yOebeUXnCes3v22L.html] budgetary regulations that shall operate from 2021 onwards, there seems to be some light at the end of the tunnel for smaller teams like Rokit Williams. Alas, only time will tell if these regulations truly are beneficial. Or if they allow a chance for other teams to outperform giants like Ferrari, Mercedes, and Red Bull. 

A recent update hints that Williams F1 team owners may sell a large number of
shares in the Team. If true, there shall be major implications for the grid.

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Hrishikesh Bhise

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Amid Financial Crisis, are Williams Selling Majority Stake in F1 Team?

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A recent update hints that Williams F1 team owners may sell a large number of shares in the Team. If true, there shall be major implications for the grid.

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[caption id="attachment_241863" align="alignnone" width="1000"]<img class="size-full wp-image-241863" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20200328210529/1015150699-lat-20180512-_31i2911.jpg" alt="" width="1000" height="600" /> CIRCUIT DE BARCELONA-CATALUNYA, SPAIN - MAY 12: Claire Williams, Deputy Team Principal, Williams Martini Racing during the Spanish GP at Circuit de Barcelona-Catalunya on May 12, 2018 in Circuit de Barcelona-Catalunya, Spain. (Photo by Glenn Dunbar / LAT Images)[/caption]
<h2><strong>Claire Williams: 2021 Net Worth, Salary and Endorsements</strong></h2>
Claire Williams is the daughter of Sir Frank Williams. She was the deputy team principal of Williams F1. She graduated from Newcastle University in 1999 with a degree in Politics and took over the deputy team principal role from her father.

However, she only became associated with Formula One from 2002 onwards.

A year later, Claire earned another promotion, this time to director of marketing and communications for Williams. When Frank Williams stepped down in March 2012, Claire succeeded him as the family representative on the board.

Finally, in March 2013, she took on the role of deputy team principal of the Williams F1 racing team.

On 3 September 2020, Williams announced she was resigning as deputy team principal of the Williams team after 7 September 2020. However, on race day, she had the honor of sending driver Nicholas Latifi out of the garage and into the recon lap to head to the grid.

As Latifi and George Russell crossed the line, the two thanked Claire for giving them the opportunity to race in F1.
<h2>Claire Williams: Net Worth</h2>
As per Celebrity Net Worth, Claire has a <a href="https://www.celebritynetworth.com/richest-businessmen/business-executives/claire-williams-net-worth/#:~:text=Claire%20Williams%20net%20worth%3A%20Claire,Williams%20Formula%20One%20racing%20team.">net worth</a> of $20 million.

Her first job with the team was as a communications officer. It wasn't long before she was promoted to head of communications in 2010.
<h2>Claire Williams' Emotional Farewell</h2>
<h2><strong>Claire Williams: Personal Life</strong></h2>
Far too often, Claire has had to juggle her Formula One duties and her personal life. This is especially important, as she has to balance life with her child and her husband as well.
<h2>Claire Williams: Charity and Foundations</h2>
Claire, Deputy Team Principal of Williams, is the Vice President of the Spinal Injuries Association, the outfit's official charity partner.

The Spinal Injuries Association provided support to Claire's father and Williams founder and team boss, Sir Frank Williams after he suffered a spinal cord injury in a car accident in 1986.

Williams has since helped to raise funds and awareness for the charity.
<table>
<tbody>
<tr>
<td width="319"><strong>Age</strong></td>
<td width="319">44</td>
</tr>
<tr>
<td width="319"><strong>Marital Status</strong></td>
<td width="319">Married</td>
</tr>
<tr>
<td width="319"><strong>Spouse</strong></td>
<td width="319">Marc Harris</td>
</tr>
<tr>
<td width="319"><strong>Residence</strong></td>
<td width="319">Windsor</td>
</tr>
<tr>
<td width="319"><strong>Nationality</strong></td>
<td width="319">British</td>
</tr>
<tr>
<td width="319"><strong>Endorsements</strong></td>
<td width="319">None</td>
</tr>
</tbody>
</table>

Claire Williams

CIRCUIT DE BARCELONA-CATALUNYA, SPAIN &#8211; MAY 12: Claire Williams, Deputy Team Principal, Williams Martini Racing during the Spanish GP at Circuit de Barcelona-Catalunya on May 12, 2018 in Circuit de Barcelona-Catalunya, Spain. (Photo by Glenn Dunbar / LAT Images) Claire Williams: 2021 Net Worth, Salary and Endorsements Claire Williams is the daughter of Sir Frank Williams. She was the deputy team principal of Williams F1. She graduated from Newcastle University in 1999 with a degree in Politics and took over the deputy team principal role from her father. However, she only became associated with Formula One from 2002 onwards. A year later, Claire earned another promotion, this time to director of marketing and communications for Williams. When Frank Williams stepped down in March 2012, Claire succeeded him as the family representative on the board. Finally, in March 2013, she took on the role of deputy team principal of the Williams F1 racing team. On 3 September 2020, Williams announced she was resigning as deputy team principal of the Williams team after 7 September 2020. However, on race day, she had the honor of sending driver Nicholas Latifi out of the garage and into the recon lap to head to the grid. As Latifi and George Russell crossed the line, the two thanked Claire for giving them the opportunity to race in F1. Claire Williams: Net Worth As per Celebrity Net Worth, Claire has a net worth of $20 million. Her first job with the team was as a communications officer. It wasn&#8217;t long before she was promoted to head of communications in 2010. Claire Williams&#8217; Emotional Farewell Claire Williams: Personal Life Far too often, Claire has had to juggle her Formula One duties and her personal life. This is especially important, as she has to balance life with her child and her husband as well. Claire Williams: Charity and Foundations Claire, Deputy Team Principal of Williams, is the Vice President of the Spinal Injuries Association, the outfit&#8217;s official charity partner. The Spinal Injuries Association provided support to Claire&#8217;s father and Williams founder and team boss, Sir Frank Williams after he suffered a spinal cord injury in a car accident in 1986. Williams has since helped to raise funds and awareness for the charity.  Age 44  Marital Status Married  Spouse Marc Harris  Residence Windsor  Nationality British  Endorsements None

Amid Financial Crisis, are Williams Selling Majority Stake in F1 Team?

Who is the Team Owner?