LONDON — Williams said on Friday it was thinking of marketing its at the time-dominant but now having difficulties Formula One crew as section of a strategic overview.
Williams Grand Prix Holdings (WGPH) revealed outcomes for 2019 exhibiting Formula One revenue slid to 95.four million lbs . ($117.six million) in 2019, down from one hundred thirty.7 million lbs . the earlier 12 months.
“The WGPH board is enterprise a overview of all the different strategic solutions out there to the company,” it said.
“Options getting deemed involve, but are not minimal to, elevating new money for the small business, a divestment of a minority stake in WGPH or a divestment of a the vast majority stake in WGPH such as a likely sale of the total company.”
The board has appointed Allen&Co and Lazard as joint fiscal advisers to support with the strategic overview and formal sale process.