Former Williams Formula 1 driver Ralf Schumacher believes that the team’s management style is wrong, suggesting it has failed to adapt to the modern world.
The brother of seven-time champion Michael, Ralf drove for Williams for six years and weighed in on the team’s fortunes after it was confirmed that the Grove outfit was being put up for sale.
Williams experienced their worst ever season in Formula 1 last year and Schumacher feels that now is the time for Claire and Frank Williams to step away from the team.
“It looks like neither Frank Williams nor his daughter were able to lead the team in a modern style,” he told Speedweek.
“There are a lot of things wrong with the management style. If Frank and Claire withdraw completely and a good investor comes on board, I still think the racing team is great. If I had the right partners and the money, I would take part immediately. At Williams, however, it has to be properly dusted.”
The team is now looking to raise capital through external investment, while stating that it could be open to a full sale.
Two names that have been mentioned as potential options include Michael Latifi and Dmitry Mazepin, and Schumacher suggested Mazepin could be the more likely investor.
“Mazepin is in the starting blocks and is wealthier than Latifi and [Lawrence] Stroll. So far he has bought all teams for his son, from Formula 3 upwards,” he added.
“I cannot criticize that because I am glad that there are people who love our sport and are willing to invest so much money – be it for their children.”