There have been several rumours that things like Williams and Sauber are facing a tough fight to survive in the sport of F1 due to the growing costs. Amidst the rumours, Deputy team boss Clarie Williams has said that there was no truth in the rumours. She has said that the financial situation of Williams F1 team is open for everyone to see because they are listed in the Frankfurt stock exchange. There have been rumours that even the title challenging Lotus F1 team is struggling to meet and discuss the growing costs and lower sponsorship revenue.
This has led to many teams disappearing from the sport in the last few years, while some of them are relying heavily on the sponsorship brought in by the drivers in order to run the business. Williams has admitted that the team has a healthy financial situation and is being run in the best possible manner. She is the daughter of Sir Frank Williams, who founded the F1 team. Back in those days, Williams used to be a title contender, but they have now been reduced to allow the backfield players. Williams has said that the sport should pay more attention than most levelling the playing field, as it has been dominated by a few teams.
“Our finances are open for everyone to see. We have a healthy budget and have done a good job on the business side to ensure that we are in as competitive a situation as possible for next year. Williams has always embraced controls in spending, since they began to be implemented in 2009. It is very important for the sport. We are an independent team and so we can’t afford to see costs increase when there is already such discrepancy in terms of (team) budgets,” said Williams.