Skip to main content

Williams: F1 can survive but operating model 'exposed' by coronavirus

Williams is optimistic Formula 1 will survive the coronavirus crisis but does believe the operating model has been "exposed".
Almost half the 2020 season has currently lost due to Covid-19, leaving the sport facing an unprecedented financial impact as it depends on race fees, broadcasting rights to make up a vast majority of revenue.
To overcome it, a range of cost-cutting measures have been discussed, but Williams deputy team boss Claire Williams admits nothing would be as beneficial than getting back on track.
"It is an incredibly difficult environment that Formula 1 finds itself in right now," she told Sky Sports.
"That is why we have spent so much time locked away in so many team principals' meetings to do everything we need, to make sure all of us come out of this, at the end of this year, unscathed.
Red Bull back Liberty to do 'whatever they can' to keep 10 teams in F1 Red Bull's 'extreme' idea to save F1 teams from financial collapse McLaren warns F1 facing a 'final wake-up call' but is the sport listening?
"A big part of that is when we can go racing again, particularly for a team like ours - one of the few true independents left. We don't have the backing the majority of our competitors have.
"For us, going racing is actually critical this year, but as I have said, only when it's safe to do so."
Currently, the hope is to at least have four races by holding two double-headers in Austria and Britain in June, but Williams says nothing is certain at this point.
"It's not easy.  It is incredibly worrying at the moment regarding what is going to happen because the situation is so fluid. We just don't know whether we will have 15 races, eight races or zero races. Clearly we hope it is more, rather than less," she said.
"I certainly don't envy Chase Carey [F1 chairman] and F1's job at the moment trying to work out how, from an original 22-race schedule, they can put in as many races as they can when we are in the situation we are in.
"We do not know when lockdowns are going to be lifted and even if they are lifted in one country, are they going to be lifted in another country? How do you move what is in effect an entire sport that comprises an awful lot of people? That is a lot of people crossing borders."
Williams also believes the coronavirus has proven to F1 the problems in the financial model that have been highlighted for so long.
But pointed to the changes that are now being made, such as the budget cap from 2021, as a reason for hope.
"I think this is an opportunity and as I said, I think Formula 1 and the model within which we operate has been exposed as probably an unsustainable model when something like this happens," she claimed.
"This is unprecedented and this is crisis mode and it is incredibly difficult to navigate your way through.
Survival is critical, and we have to put the work in now, so that should a similar situation arise, god forbid, we are all much better protected, rather than having to scramble like we are having to do now.
"We are working incredibly hard not just within Williams but within the sport as a whole. Formula 1 really does come together in these circumstances," the Briton added.
"The bigger teams understand the work they need to do to ensure the smaller teams' survival. The smaller teams understand and sympathise with what we are asking of the bigger teams.
"What is disappointing is that [we don't have] the new regulations that were coming in for 2021 which we'd got to a really good place with and which were going to really set a great future for all of our teams.
"I think if we had those regulations implemented two years ago, we might not all be as concerned as we are now. We are a little exposed at the moment but I trust that we will get through this. I am eternally optimistic."

Comments

Popular posts from this blog

We’re Celebrating Odion Ighalo’s Manchester United Loan Extension with Photos of him Smiling 😍

Whoop whoop! Super Eagles’  Odion Ighalo  is going to be a  Manchester United  player for even longer! Ighalo’s loan contract, which was to expire on Sunday, May 31, has been extended until January 31, 2021. The English club shared the news on their website, writing that they have reached an agreement with Ighalo’s Chinese club  Shanghai Greenland Shenhua  to extend the loan deal. To celebrate Ighalo’s deal with the club of his dreams, we’re sharing photos of him smiling what is one of the cutest smiles on anyone. Enjoy:

Atiku Reacts To Uwaila’s Death, Calls For Review Of Rape Laws :Rape

Peoples Democratic Party chieftain and philanthropist, Alhaji Atiku Abubakar has called for adequate protection of women against defilement and other forms of violence. Former Vice President and presidential candidate in the 2019 general election, Alhaji Atiku Abubakar has joined the host of other concerned Nigerians to condemn sexual violations of the female gender. The Peoples Democratic Party chieftain and philanthropist called for adequate protection of women against defilement and other forms of violence. Naija News  understands that Atiku made the submission while reacting to the recent killing of a 100-level Microbiology student of the University of Benin, UNIBEN, who was reportedly ganged raped and mutilated by yet to be identified faces. It could be recalled that Uwaila V     era Omozuwa  was reportedly raped while studying inside a Redeemed Christian Church of God, RCCG, in Benin, the capital city of Edo State. Condemning the incident and other violenc...

EPL: Liverpool Signs New Contract With 17-Year-Old Defender

UEFA Champions League winners, Liverpool FC has on Tuesday, June 2 signed a new contract with England born defender, James Norris. English Premier League club, Liverpool FC has signed a new contract with its long time academy player,  James Norris . The UEFA Championship winners disclosed on its official website on Tuesday, June 2 that the England born defender has penned his first signature as a professional player with the club. Naija News  understands that the 17-year-old player who plays as a left-back started his career with the Reds Under-9 level until his recent progress to join the England youth international. Norris had played a few matches with the Liverpool’s U18s team, including a clash with Aston Villa in December 2019, coming off from the bench to make his first U23 appearance with the club in the Carabao Cup quarter-final. The West Derby-born player turned out regularly for the club’s U19 UEFA Youth League team, while his attacking instincts also saw him employe...