News Details
Latifi bails out Williams
Although the amount is unclear, Michael Latifi, father of driver Nicholas, has joined HSBC in refinancing the company's corporate borrowings. Worryingly, the loan is secured on the team's factories, land, plant machinery and even its historic collection of over one hundred title and race-winning cars. Latifi, it will be recalled, also has a $100m stake in McLaren. 'Following the sale of Williams Advanced Engineering at the end of 2019 we began a refinancing process,' Claire Williams told Motorsport.com. 'After considering a number of options, we have now concluded our refinancing with a consortium of lenders, all of which was negotiated on an arms-length commercial basis. 'The loan package...
Full Story »
Full Story »
5y ago from Pitpass.com
0
You May Also Be Interested In...
Sad Latifi says Canadian GP call-off 'inevitable'
Williams rookie Nicholas Latifi won't be making his F1 race debut on home...
5y ago from F1i.com
Mercedes: Production of COVID-19 breathing aid in full...
Mercedes has announced that the design of the breathing aid engineered in...
5y ago from F1i.com
Russell and Latifi take pay cuts, Williams furlough...
Williams drivers George Russell and Nicolas Latifi have taken 20% pay...
5y ago from GPFans.com
Latifi: 'Fingers crossed the Canadian GP does happen...
The postponement of the Canadian Grand Prix leaves Formula 1 rookie...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP circuit contracts: How long will each race...
No description available...
5h ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
1d ago from Motorsport.com
Pedro Acosta: “Forgetting about the championship”...
No description available...
1d ago from Motorsport.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
5d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
1d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
2d ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Report: Arsenal eyeing up a move for 20-year-old...
Arsenal are interested in signing Club Brugge midfielder Aleksandar...
3h ago from CaughtOffside.com
Sources: Man United & Arsenal enter race for...
Genk’s teenage sensation Konstantinos Karetsas has rapidly emerged as...
11h ago from CaughtOffside.com
‘A quick learner’: how Declan Rice went from...
fielder will be part of the conversation for a Ballon d’Or if he...
8h ago from TheGuardian.com
Years after snubbing transfer to Liverpool and...
German footballer Julian Draxler has opened up on his failed move to...
9h ago from SportsKeeda.com
Comments
Hottest News
Max Verstappen McLaren contract advice revealed: 'Many...
The friendship between Max Verstappen and Gabriel... Read More »
1h ago from RacingNews365.com
Through one lens: Twelve photographs from the 2025 F1 season
From Melbourne to Abu Dhabi, Formula 1 moved fast... Read More »
3h ago from F1i.com
F1 champion Lando Norris shares Christmas message
You've heard of the King's speech, but after his... Read More »
1h ago from GPFans.com
