The Williams Formula 1 race team preparing for the 2020 Italian Grand Prix found the pre-event news that the Williams family would step away from squad “surprising” and a “shock”. To be more precise, Russian F2 driver Nikita Mazepin’s ambitions of starting 2021 in an F1 … Earlier this week it came out that Frank Williams, the previous owner and founder of … Former Formula 1 team principal Sir Frank Williams is in a stable condition after being admitted to hospital. After running teams on the sport’s nursery slopes, team patron Frank Williams founded Frank Williams Racing Cars in 1966 and entered F1 in 1969 with his friend Piers Courage behind the wheel. A nightmare for Russell at Williams. Williams F1 Team Founder Sir Frank Williams Admitted to Hospital The 78-year-old's eponymous F1 team did not specify a reason for the hospitalization, … The team now has a new CEO and team principal. Williams F1 founder Frank Williams stable in hospital The family said the 78-year-old was admitted recently and his condition was a private matter 16 December 2020 - 11:00 By Reuters Last season the Williams F1 team said goodbye to the Williams family. As a result, Williams admit they need investment – and all options are on the table, from investment as a sponsor, to a minority stake or even majority stake that risks the Williams name disappearing from F1. The Williams name has been synonymous with top-level motorsport since the 1960s. Williams Formula 1 founder Sir Frank Williams has been admitted to hospital and is in a stable condition. The Williams F1 team has got enough funding to take it into 2021 according to a person familiar with the negotiations over the sale of a stake in the famous British squad. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Everything was seemingly falling in place for Russell, up until the Formula One paddock started to prepare itself for an influx of F2 talents. READ MORE: Williams could sell F1 team as board announces £13m loss in 2019 and split from title sponsor In the first of our 2020 team reviews, we take a look at how the three more often than not found at the back of the grid got on. The Williams Formula 1 race team preparing for the 2020 Italian Grand Prix found the news that the Williams family would step away from the squad "surprising" and a "shock". It has been an eventful week for Williams.