News Details
Lafiti keeps Williams afloat with loan of 50 million pounds
Several Formula 1 teams need to pull out all the stops to keep their heads above water. Half of the teams are already getting an advance on Liberty Media's TV funds and McLaren is considering taking out an extra mortgage. Williams, the team where the need was greatest, fortunately has a benevolent investor in Michael Lafiti. Because Nicholas Latifi will be driving for the Williams team next season, father Michael will do everything he can to keep that team afloat for the time being. That's why he now lends Williams an amount of 56 million euros. The collection of historic cars and the entire factory count as collateral for that loan. Should the British race stable not be able to repay the...
Full Story »
Full Story »
5y ago from GPBlog.com
0
You May Also Be Interested In...
Brown: Vettel never in line for a seat at McLaren
McLaren boss Zak Brown says Sebastian Vettel was never considered as a...
5y ago from F1i.com
McLaren is considering to pledge The MTC and historic...
McLaren is also feeling the financial consequences of the corona crisis....
5y ago from GPBlog.com
McLaren could mortgage MTC and historic collection to...
The McLaren Group is considering mortgaging its Woking headquarters as...
5y ago from F1i.com
McLaren exploring funding options amidst financial...
McLaren is considering various funding options to help the sportscar...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
12h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
16h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
8h ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
8h ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
14h ago from MotorsportWeek.c...
Winners and losers from the inaugural Grand Prix of...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Leon Osman makes huge Arsenal quadruple claim after...
Former Everton star Leon Osman has backed Arsenal to win a historic...
5h ago from CaughtOffside.com
'Always shine on the biggest stages', 'Worth every...
Arsenal fans have hailed midfielder Eberechi Eze for his showing as they...
5h ago from SportsKeeda.com
Player ratings: Arsenal 2-0 Bayer Leverkusen
Arsenal advanced to the Champions League quarter-final with a comfortable...
6h ago from FreshArsenal.com
Partey intends to deny two charges of rape, court told
Former Arsenal footballer Thomas Partey intends to deny two new...
6h ago from SkySports.com
Comments
Hottest News
Aston Martin F1 'takeover pitched by new team' as situation...
Aston Martin could be the target of an F1... Read More »
10h ago from GPFans.com
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
19h ago from MotorsportWeek.com
Honda claim batteries now handling the vibrations but not...
The Chinese Grand Prix was another horrible... Read More »
14h ago from GrandPrix247.com
