Williams F1 denies financial difficulties due to the release of Nicholas Latifi[F1-Gate.com]

Williams F1 has denied concerns about financial difficulties following Nicolas Latifi’s exit from F1. Canadian Nicholas Latifi has lost his F1 seat for 2023 after three disappointing years at Williams F1. The team was heavily funded by their wealthy father, Michael, including Lavazzi and Sofina.

There were rumors that a big deal with Gulf Oil would fill those gaps, but in the end, the lack of visibility of the car brand surprised me. Nicholas Latifi’s replacement, rookie Logan Sargent, has brought in a few minor American sponsors, but fans worry the teams further down the grid may actually have smaller budgets. are doing. Williams F1 team commercial director James Bauer told Formula 1 that the recent changes have taken a toll on revenues, but the reality is different, with more sponsorship deals expected in 2023. James Bower has stressed that Williams F1’s commercial plan is ‘ambitious and aggressive’, claiming ‘we are stronger than we have been in years’. there is “It’s very exciting to have Gulf as a partner,” Bower said. “We are investing in fan activity in racing in the United States, and if that can come together, it will help us commercially.”