New Williams owners conducting “full review” - Russell

George Russell says that the new owners of the Williams Formula 1 team are conducting a “full review” of the business, but is confident that its culture will not change.

New Williams owners conducting “full review” - Russell

Russell also admitted that it was “slightly nervy time” before the team’s future was secured.

Last week Williams announced that the company had been sold to US investment firm Dorilton Capital, although few details have been forthcoming other than the fact that the team’s name will not change.

Mercedes protege Russell is committed to staying with the Grove outfit until the end of 2021.

“I spoke with Matthew Savage this morning, who’s the chairman of the company,” said Russell. “At the moment, they're in a full review of what changes need to be made, who will be forming the management side of the company.

“It’s very positive news for Williams as a whole and everybody who works for the team and for both of us as drivers.

“Obviously a slightly nervy time previously, and I’m very pleased to see that the team is stable moving forward, and has got a great company behind to help put Williams back to where they belong, which is definitely higher up the grid."

Asked if he’d like to see the Williams family remain involved, he said: “The Williams family has been a huge part of F1. I think the most important thing with this change of ownership is the name and that side of things will be continuing, which is very important, obviously.

“The Williams family would not have sold to somebody who they didn't believe would be beneficial for the team moving forward. 

“The culture will not be changing from a historic side. Keeping the name of the team is very important as well for us drivers and the people back at base.”

Read Also:

Russell believes that the new F1 rules that are coming in 2022 could present an opportunity for Williams.

“I think firstly, F1 is an incredibly complex sport. And as you see historically things don't change drastically very, very quickly. I think 2022 is a great new opportunity for all the teams to start from a new basis." 

Russell’s teammate Nicholas Latifi, whose father Michael provided a loan that helped to get Williams through this year’s financial squeeze, is also upbeat about the new owners.

“Overall, I think it's a very positive step for Williams,” said the Canadian. “I think it's secured the future and stability of the team, which is first and foremost the most important thing. 

“I think in the coming days, weeks, months, they're going to be evaluating everything, like any company would when they're acquiring a new company, and see where the investment needs to be diverted to. I think overall, it can only be positive.”

Regarding the future team management, he said: “I think the DNA of the team has always been a family-run team, I'm sure that side of things will not change, which is again, part of what makes Williams Williams. Beyond that, what happens, again I think it's still far too early to comment or speculate on anything.

“Of course, as far as I've been with the team I've been really enjoying that side of things, the team environment, and the culture that's been cultivated here over so many years. So I would hope that that would stay.”

shares
comments

Related video

Perez not talking to rival Formula 1 teams
Previous article

Perez not talking to rival Formula 1 teams

Next article

F1 teams to trial new low-downforce wings at Spa

F1 teams to trial new low-downforce wings at Spa
Load comments
The inevitable consequence of the Liberty F1 popularity boom Prime

The inevitable consequence of the Liberty F1 popularity boom

Sell out crowds at Formula 1 races are the norm rather than the exception these days, as grand prix racing is enjoying a massive boom under Liberty Media. But the Spanish Grand Prix highlighted numerous issues some circuits may face as demand for F1 soars

The danger for Red Bull in its Barcelona F1 team orders choice Prime

The danger for Red Bull in its Barcelona F1 team orders choice

OPINION: Red Bull walked into a team orders saga on its way to taking a Spanish Grand Prix 1-2 last weekend, where it took the lead of the 2022 Formula 1 world championships for the first time. But its decisions have added an element of risk to later races.

Formula 1
May 25, 2022
Why Mercedes' Spanish GP gains aren't as grand as they seemed Prime

Why Mercedes' Spanish GP gains aren't as grand as they seemed

Mercedes' strong showing in last weekend's Spanish Grand Prix prompted team boss Toto Wolff to say it had halved its deficit to the leaders and its Formula 1 title chances were back on after a rocky start to the 2022 campaign. But a closer inspection of the team's performance suggests its gains aren't as grand as they first appeared

Formula 1
May 24, 2022
What's next for the Green Red Bull controversy? Prime

What's next for the Green Red Bull controversy?

From the 'pink Mercedes' to the 'Green Red Bull', the Silverstone-based team has received suspicious glares from up and down the Formula 1 paddock over its car design exploits. But after being cleared by the FIA over its Spanish Grand Prix updates amid a backdrop of cries of foul play, what's next in this saga?

Formula 1
May 24, 2022
Spanish Grand Prix Driver Ratings 2022 Prime

Spanish Grand Prix Driver Ratings 2022

In an unusually hectic Formula 1 Spanish Grand Prix, Charles Leclerc was denied a dominant performance by his Ferrari engine letting go which allowed Max Verstappen to pick up the pieces. But numerous flashpoints kept the race twisting and turning throughout, with one perfect score from an emerging contender

Formula 1
May 23, 2022
How Verstappen overcame his and Red Bull’s errors to win in Spain Prime

How Verstappen overcame his and Red Bull’s errors to win in Spain

Charles Leclerc’s Ferrari engine disaster offered an open goal for Max Verstappen and Red Bull to strike, but the reigning Formula 1 world champion still had to solve multiple errors and profit from a begrudged assist from team-mate Sergio Perez, which created an unexpectedly eventful Spanish Grand Prix

Formula 1
May 23, 2022
Why Red Bull can win a Spanish GP that looked perfect for Ferrari Prime

Why Red Bull can win a Spanish GP that looked perfect for Ferrari

Formula 1's return to Spain on Friday ended with Ferrari leading the way from Mercedes, while Red Bull could only manage third fastest overall courtesy of Max Verstappen. But its chances of victory are far from remote with a deeper dig into the times despite Ferrari's strong start...

Formula 1
May 20, 2022
The key aspects of Porsche and Audi's planned F1 entries Prime

The key aspects of Porsche and Audi's planned F1 entries

The VW Group’s German superpowers of sportscar racing have all but confirmed they are coming to F1 when the next set of engine rules come into force in 2026. Here's why both manufacturers are all set to take the plunge, and crucially how it might work

Formula 1
May 19, 2022