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Re: Team Sold
Posted by: Polemik
Date: 04/09/2020 08:42
New Williams owners: connection to the British royal family and F1-team is no longer listed on the shares market

The fog is slowly clearing around the new owners of the Williams team - Frank and Claire Williams have been fired from the board, new board members have been nominated.

(Motorsport-Total.com), 04.09.2020 09:49 - On Thursday it may have become clear why Claire Williams did not want to reveal a week ago in Spa which family is behind the investment company Dorilton Capital , which the traditional Formula 1 team recently took over. Because the connections of the new owners even extend to the British royal family.

On Friday the board of directors was replaced at Companies House (UK company register). It's a very sober entry that ends a glamorous era in Formula 1: "Termination of appointment of Frank Owen Garbett Williams as a director on September 3, 2020."

In addition to Frank Williams, Dorilton Capital also dismissed Claire Williams, Mike O'Driscoll, Douglas Lafferty and Mark Biddle from the board or completely dissolved the previous board. Instead of the previous five, there are now only three members of the committee: Matthew Savage, Darren Fultz and James Matthews.

O'Driscoll, Lafferte and Biddle were fired from the board on August 21, the day the takeover was announced. For Frank and Claire Williams, this step was taken on September 3rd. Which suggests that Dorilton Capital was actually surprised by their resignation and that there were actually five people on the board.

Is Pippa Middleton coming to a Grand Prix soon?
Matthews, in particular, is known to a wider public. The 45-year-old is the husband of Pippa Middleton and thus the brother-in-law of Prince William and Prince Harry. Matthews is a former young racing driver who won the British Formula Renault in 1994 and the Formula Renault Eurocup in the same year.

But because his great career didn't work out, he turned to the investment business at the turn of the millennium. Today the businessman, who comes from a wealthy family, is CEO of the Eden Rock investment group, which he named after his father David's famous Eden Rock hotel.

It gets exciting when you take a closer look at Eden Rock. Matthews has achieved his greatest successes in Formula Renault with the Manor team, which ran the Manor / Marussia Formula 1 team under the direction of Graeme Lowdon and John Booth. Lowdon is still a consultant to Eden Rock Sports today.

Formula 1 team was effectively withdrawn from the shares market
Also exciting: According to the board appointments in the company register, Dorilton Capital did not take over on the shares market listed company "Williams Grand Prix Holdings PLC", but apparently bought out its daughter company "Williams Grand Prix Engineering Limited" with the Formula 1 team from the Williams Group. Which means that the F1-team is no longer listed on the shares market.

Otherwise little is known about the new owners. Savage, previously the public "front man" of the Williams investment, has served as Dorilton Capital's CEO since its inception in 2009. Prior to that, he worked for Rothschild in London and New York for 22 years.

And Fultz is a founding member of Dorilton Capital and has also been a managing director since 2018. He too came to the company from Rothschild. However , it has not yet been announced who will be operationally head of the team in Mugello after the resignation of Frank and Claire Williams .

original article in german:
[www.motorsport-total.com]

google translated:
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