Financing an F1 team

Williams Grand Prix Holding Ltd tasked us with quickly structuring a debt package, and we secured offers from two market participants within 14 days, providing:

• Immediate Financial Stability: £7–8m within 10 days and £50m by year-end, ensuring operational continuity and mitigating financial pressure.
• Optimised Terms: Flexible debt with extended maturities and covenants, avoiding undue strain, with a portion of interest payable in equity, aligning with Williams’ goals.
• Preservation of Core Assets: Retained control of WAE, crucial for sustaining F1 competitiveness and supporting Williams Automotive.
• Enhanced Future Value: Delaying WAE’s sale could generate an additional £250m in value over four years.

This proposal safeguarded Williams’ F1 edge while enabling the strategic development of Williams Automotive.