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F1 2020: Williams consider selling after heavy financial losses

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Williams has announced it is considering selling the Formula 1 team after a dip in the company’s financial results.

The Williams Grand Prix Holdings group reported an adjusted loss of £13m (A$23.9m) for the year ending 2019, against profits of £12.9m in 2018, and new investment will now be sought.

Offering a minority or majority stake will be considered, but so too will an outright buy-out.

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No travel exemption for F1

No travel exemption for F1

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F1 2020, Austrian Grand Prix, Styrian GP: Ferrari disaster tip of the iceberg, Sebastian Vettel, Charles Leclerc

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After another failed qualifying on Saturday, Ferrari boss Mattia Binotto knew the situation for the F1 giant was dire.

“We have to work out why (Ferrari was slow) and change this state of affairs, which is just not good enough for a team by the name of Ferrari,” he said.

“We mustn’t get het up about it, but we cannot ignore the facts.”

If only he knew what was about to follow on Sunday.

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F1 2020, Austrian Grand Prix, Styrian GP: Ferrari crash, Daniel Ricciardo chance wasted by Renault

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Lewis Hamilton is up and running in 2020 with his first win of the season, while last year’s main rivals, Ferrari, is in free fall after a first-lap bungle of epic proportions.

Meanwhile, Renault missed a trick in Austria that could have drastically changed Daniel Ricciardo’s fortunes.

Here are five things we learned from the Styrian Grand Prix.

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F1 2020, Lewis Hamilton protest, Black Lives Matter: Pre-race kneel cut away during TV coverage

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Lewis Hamilton was joined in taking a knee by the majority of his fellow drivers ahead of F1’s second race of the season at the Styrian GP, with some drivers again opting to stand.

As at last week’s Austrian GP, all 20 drivers again wore T-shirts featuring the words ‘End Racism’, with Hamilton’s also saying ‘Black Lives Matter’ on the front, amid the sport’s continued stand against all form of discrimination.

Of the 16 drivers who were present at the front of the grid for a short gathering ahead of the Austrian national anthem, 12 took a knee with four standing.

The image of the drivers was only briefly seen on the TV world feed before a pre-planned sky dive above the circuit was shown.

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