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Mortgage real estate and Williams team survival loan
In order to survive in F 1, Williams, the old British team that wrote the worst record in team history last year, has been acting constantly recently. First, it sold its technology research and development company, and recently it applied for a loan with a total value of at least 50 million pounds from HSBC and the big financiers of the fleet.

As a veteran of Lance in 1980s and 1990s, Williams has not only lost its competitiveness in recent years, but also gradually discovered that there are loopholes in its financial situation. Walking) and Sergei Shilotkin (Sergei? Sirotkin) alleviated this problem, but in the 20 18 season after the two drivers left the team, the situation of Williams team finally failed to make people optimistic.

In order to survive, Williams Group, the parent group of Williams Team, transferred its technology research and development company (Williams? Advanced? Engineering) was sold to EMK investment consulting company in the UK and recently obtained from HSBC and Nicholas Latif (the team's largest financier at present). Latif's father Michael Latif's loan.

Claire Wilhemlms, head of Williams' agency team, said that the loan was an important decision made after careful study.

According to the Daily Telegraph, the total amount of this financing loan is 50 million pounds, which helps Williams to tide over this very difficult period. However, it is worrying that Williams' loan is mortgaged by real estate, hardware facilities and dozens of racing cars reserved by the team for many years, which shows that Williams has no choice.

A few days ago, Zach Brown, CEO of McLaren, said that if F 1 didn't take positive action, I'm afraid four teams would be forced to leave the stadium due to financial problems in the future, and the most worrying one was Williams.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.