Williams's deputy team principal Claire Williams says proposals by Liberty Media in Bahrain, will ensure the team's survival.
Liberty's plans for the future of F1 include a cost cap on spending and a fairer distribution of revenue. Williams admits the meeting was very positive, saying :
“I was extremely positive about today’s meeting, I have to say,
“I think we’ve all hoped for change, under our new management, and I think today they presented change.
“For a team like ours, based on what they presented, it was an extremely good day for us.
“I came back thinking, ‘Let’s crack open some champagne,’ because from our perspective if we can get these new regulations through and if Liberty or FOM do everything that they say they’re going to do that they presented this morning, then from our perspective I know that Williams’ future is safe."
Williams added that without these new regulations, the teams future in the sport looks bleak:
“That’s not to say we were on the brink or anywhere close, but today’s sport, the way it’s structured, and with the financial disparity between teams, then the likelihood of Williams’s survival in the medium or long term is looking pretty bleak."
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