Back in May, it was confirmed that Williams were considering selling their F1 team, having been struggling financially, no thanks to some poor results in recent years.

The good news however is the team has now been acquired by American private investment firm ‘Dorilton Capital’ meaning that the legendary Williams name will stay in the sport.

So who are Dorilton Capital? A statement read:

Dorilton Capital is a private investment firm headquartered in the United States with a strong track-record of building and enhancing companies with a flexible and patient investment style. Dorilton recognises and appreciates the importance of respecting and retaining Williams’ heritage and culture and is committed to maintaining its identity. The team will continue to race and compete under the Williams brand, with the chassis name remaining unchanged. Dorilton has no plans to re-locate the team from Grove, its traditional home.

It’s great that Williams have found a buyer and even better, a buyer that wants to keep the name and preserve the heritage of this legendary team.