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Tag Archive | "Williams F1"

SHOCK: ADAM PARR LEAVES WILLIAMS F1

Monday, March 26, 2012

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DAM PARR TO LEAVE WILLIAMS GRAND PRIX HOLDINGS PLC 26 March 2012. Grove, UK. Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announced that its Chairman Adam Parr has resigned from the Company. Adam will leave Williams on Friday 30 March 2012. Nick Rose, ex-CFO of Diageo PLC and currently a Non-Executive Director of WGPH and [...]

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WANNA OWN AN F1 TEAM ?

Saturday, January 22, 2011

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Sir Frank Williams has moved to secure the long term future of Williams F1 with a plan to float the company on the stock exchange. In a statement released by the company overnight (Australian time) Sir Frank said that he had been considering how to secure the long-term ownership of Williams so that it will remain true to the aims with which it was originally established in 1977. “My goal then was to race in Formula One as an independent Constructor. This was and is my great passion and I will race for as long as I continue to be blessed with good health." he said. "It is also my desire that the team is in good shape to go on racing long after I am gone. To that end, it is prudent and necessary to plan for an ownership structure that will enable Williams to be an independent Constructor, owned and staffed by people committed to Formula One and to the sound business practices which have supported us over three decades." Although no firm decision has been made as yet, it is clear that this is something of a kite flying exersise by Williams to gauge support for such a  float.

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IMG LINK RAISES THE STAKES IN F1 BREAKAWAY

Wednesday, June 24, 2009

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IMG LINK RAISES THE STAKES IN F1 BREAKAWAY

Website Grand Prix.com is suggesting that global sports management juggernaut IMG could be the people behind the promotion of an "alternative F1" series. IMG is one of the World's largest sports promotion and management companies and if anybody can rival Bernie Ecclestone for professionalism and global reach then it's IMG. IMG has a global portfolio that includes many of the worlds biggest sporting events and the company has plenty of motorsport experience including running a number of major street races including the Surfers Paradise Indy race and several Champcar rounds in the USA. It also has run Bathurst and the Sandown enduros here in Australia. Currently they are responsible for the media and marketing rights to events including the LeMans Series, NASCAR, NHRA Drag Racing and The World Speedway Grand Prix. Interestingly IMG is also a media partner of the Williams F1 racing team, one of only two current F1 teams to commit themselves to the traditional FIA series next year. FOTA is scheduled to meet tomorrow to discuss the planning for their series, certainly, if as rumoured IMG is involved, then the chances of it happening and operating successfully just got a whole lot better.

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