A couple of weeks ago, the Williams [https://www.essentiallysports.com/category/f1/williams/] F1 team announced that it had opened up a formal sale process. They were also not opposed to the idea of selling their majority stake either. Williams was once an amazing F1 team but they have fallen from grace in the last few years. Their on-track failures have only been matched with their off-track financial problems. Who is to save Williams now? Perhaps their new recruit Nicholas Latifi may have a clue. MICHAEL LATIFI TOUTED FOR WILLIAMS TAKEOVER [https://www.essentiallysports.com/wp-content/uploads/Williams-F1-car.jpg] Michael Latifi is an Iranian-Canadian businessman and founder of Safina foods Inc, which is also a sponsor of the Williams F1 team. He also happens to be the father of Williams’ new racing driver, Nicholas Latifi. That exudes some serious Stroll family vibes. Earlier in April, Michael Latifi had saved his son’s team from going bust, by giving them a loan reportedly around the 25 million dollar mark. Now, this time according [https://www.gazzetta.it/Formula-1/08-06-2020/me-compri-papa-williams-fa-gola-ai-genitori-piloti-latifi-scatta-pole-3701658943230_preview.shtml?reason=unauthenticated&origin=http%3A%2F%2Fwww.gazzetta.it%2FFormula-1%2F08-06-2020%2Fme-compri-papa-williams-fa-gola-ai-genitori-piloti-latifi-scatta-pole-3701658943230.shtml] to the Italian newspaper, La Gazzetta dello Sport, he may be the frontrunner in the Williams takeover. Latifi would like to invest a reported 150 million dollars in the Grove-based outfit. The new budget cap and restrictions for 2021 have made the F1 business look lucrative for potential buyers. Since all the teams can only operate in a fixed budget environment, it means the playing field could be leveled. There is a slight possibility, that all the teams could go head to head on the track. That would mean the investors could recoup the money that they invested and could reap a profit. However, nothing can be ascertained at the moment. Another potential investor could be the Russian multimillionaire, Dmitry Mazepin. He was in line to takeover Racing Point until Lawrence Stroll stepped in. Mazepin is still looking to enter the F1 market and sees Williams as the best possible channel to do so. However, Latifi is still firmly believed to be the frontrunner, considering he has already invested in the team before and obviously his son races for them. 

Michael Latifi, father of Williams F1 driver, Nicholas Latifi is reportedly the
frontrunner in the takeover of the team his son races for.

Ronan Carvalho is senior F1 author for Essentiallysports. Ronan is currently pursuing his Journalism degree from St. Xavier's College. Being an experienced voice on the sport, he has nearly 1000 Formula 1 articles to his name. Having fallen in love with cars at a young age, he soon became an ardent lover of the F1 series and claims Kimi Raikkonen to be his favourite driver and Spa to be his favorite track, thanks in a large part to the thrill of watching cars go through Radillon (yes, not Eau Rouge). However, he doesn't let his biases get in the way of his writing, delivering objective and precise articles to fans of the sport both new and old.

Ronan Carvalho

Ronan Carvalho, Author at EssentiallySports

EssentiallySports

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Ronan Carvalho is senior F1 author for Essentiallysports. Ronan is currently
pursuing his Journalism degree from St. Xavier's College. Being an experienced
voice on the sport, he has nearly 1000 Formula 1 articles to his name. Having
fallen in love with cars at a young age, he soon became an ardent lover of the
F1 series and claims Kimi Raikkonen to be his favourite driver and Spa to be his
favorite track, thanks in a large part to the thrill of watching cars go through
Radillon (yes, not Eau Rouge). However, he doesn't let his biases get in the way
of his writing, delivering objective and precise articles to fans of the sport
both new and old.

https://image-cdn.essentiallysports.com/wp-content/uploads/ronan-carvalho.jpeg

skysports-williams-f1-2020_4922752 - EssentiallySports

skysports-williams-f1-2020_4922752

Dhruv George is a Senior NASCAR Author at EssentiallySports, with an impressive record of over 14K articles. From F1 driver Pierre Gasly to Moto2 rider Tony Arbolino, Dhruv has interviewed several racers, establishing himself as an authoritative voice in the world of motorsports. He not only writes engaging content but helps connect readers with some of the biggest racing names thanks to his ability to churn out exclusive interviews. Dhruv's ambition extends beyond writing, as he aspires to host a successful motorsports podcast with some of the biggest stars in the industry, like Kyle Busch and Denny Hamlin. When he's not writing about Stock Car Racing, he can be found reading and writing fan fiction.

https://image-cdn.essentiallysports.com/wp-content/uploads/Dhruv-George-1-96x96.png

Dhruv George

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F1 Archives

LatestF1 - EssentiallySports News | EssentiallySports

[caption id="attachment_386372" align="aligncenter" width="1920"]<img class="wp-image-386372 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20200922170831/Williams-Mugello.jpg" alt="Williams' Nicholas Latifi drives his F43" width="1920" height="1282" /> Formula One F1 - Tuscan Grand Prix - Mugello, Scarperia e San Piero, Italy - September 11, 2020 Williams' Nicholas Latifi during practice Bryn Lennon/Pool via REUTERS[/caption]
<h2>Williams: 2021 Latest News, Results, Drivers and Car Updates</h2>
Williams F1 is another team that has a lot of history in Formula One. The origins of the team can be traced back to 1977. What?s different about this team is that it has always been a family-run team.

The founder of the team is Sir Frank Williams, who functioned in the capacity of the Team Principal for quite some time. His daughter, Claire Williams, succeeded him as the Deputy Team Principal before stepping down from her role in 2020.

Following a dismal campaign in 2019 and a major financial crunch in 2020, the team put up a majority stake of the team for sale. In August, a private American firm, Dorilton Capital, acquired the team.

Following the team's sale, Claire announced her departure from F1 along with her father. For a team that's been family owned for well over 4 decades, it truly was the end of an era.

In its long and storied history, Williams has produced 7 World Champions. They are Alan Jones, Keke Rosberg, Nelson Piquet, <a href="https://www.essentiallysports.com/tag/nigel-mansell/">Nigel Mansell</a>, <a href="https://www.essentiallysports.com/tag/alain-prost/">Alain Prost</a>, Damon Hill, and Jacques Villeneuve.

George Russell and Nicholas Latifi currently drive for the Grove-based. The team will be retaining both their drivers' services for the next season.
<h2><strong>On-track Achievements</strong></h2>
In their inaugural year in 1977, they did not enjoy a great start. However, in 1978, Alan Jones brought forth their first tally of points with a 4th placed finish in South Africa. He followed it up later in the season with a 2nd in the USA.

In 1979, Williams entered two cars, with Clay Regazzoni partnering Jones. Regazzoni bagged the first win in Great Britain before Jones followed that feat up with three back-to-back wins in Germany, Austria, and the Netherlands. He took another win in Canada, with Regazzoni in 3rd.

[caption id="attachment_386377" align="aligncenter" width="1920"]<img class="wp-image-386377 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20200922171214/Latifi-Russell-Mugello.jpg" alt="Williams F1's George Russell and Nicholas Latifi ahead of the Tuscan Grand Prix" width="1920" height="1281" /> Formula One F1 - Tuscan Grand Prix - Mugello, Scarperia e San Piero, Italy - September 10, 2020 Williams' George Russell and Nicholas Latifi during a press conference FIA/Handout via REUTERS??ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES[/caption]

In 1980 and 1981, Jones clinched the World Constructors' Championship for Williams F1. They did it again in 1986 and 1987 with Nelson Piquet winning the Drivers' Championship.

From 1992 to 1994, the British outfit sealed the Constructors' championship again. They took their final Constructors' titles in 1996 and 1997.

Sadly, the team is yet to replicate its once feared win streak in Formula 1. Over two decades on, Williams is a shell of its former self. The British team is in a constant battle to score some points.

So far this season, the team has been unsuccessful.
<h2>Story of Williams F1</h2>

<h2>Who owns Williams F1?</h2>
Williams is currently owned by Dorilton Capital, a private American investment firm.

<img class="size-full wp-image-141761 aligncenter" src="http://www.essentiallysports.com/wp-content/uploads/150956513.jpg.gallery.jpg" alt="Williams" width="650" height="433" />
<h2><strong>Williams? Sponsors</strong></h2>
Williams' major sponsors <a href="https://www.williamsf1.com/about/our-partners" target="_blank" rel="noopener noreferrer">include</a> Sofina, Lavazza, Acronis, RBC, Versa, and Financial Times.
<h2><strong>Charities</strong></h2>
The Williams F1 team is <a href="https://www.williamsf1.com/about/our-partners/spinal-injuries-association" target="_blank" rel="noopener noreferrer">a huge supporter</a> of the Spinal Injuries Association (SIA). SIA helps people who have suffered injuries to their spinal cord. In addition, the organization helps their families rebuild their lives after an injury with lifelong services that offer both practical and emotional support, advice, and information.
<table>
<tbody>
<tr>
<td width="319"><strong>Founded</strong></td>
<td width="319">1977</td>
</tr>
<tr>
<td width="319"><strong>Founders</strong></td>
<td width="319">Sir Frank Williams, Sir Patrick Head</td>
</tr>
<tr>
<td width="319"><strong>Number of Titles</strong></td>
<td width="319">9</td>
</tr>
<tr>
<td width="319"><strong>Prize Money Won</strong></td>
<td width="319">57.5 million</td>
</tr>
<tr>
<td width="319"><strong>Base</strong></td>
<td width="319">Grove</td>
</tr>
<tr>
<td width="319"><strong>Owner</strong></td>
<td width="319">Dorilton Capital</td>
</tr>
<tr>
<td width="319"><strong>Official website</strong></td>
<td width="319"><a href="https://www.williamsf1.com/" target="_blank" rel="noopener noreferrer">https://www.williamsf1.com</a></td>
</tr>
<tr>
<td width="319"><strong>Drivers</strong></td>
<td width="319">George Russell, Nicholas Latifi</td>
</tr>
<tr>
<td width="319"><strong>Test drivers</strong></td>
<td width="319">Roy Nissany</td>
</tr>
<tr>
<td width="319"><strong>Engine</strong></td>
<td width="319">Mercedes</td>
</tr>
<tr>
<td width="319"><strong>Tires</strong></td>
<td width="319">Pirelli</td>
</tr>
</tbody>
</table>

Williams

Formula One F1 &#8211; Tuscan Grand Prix &#8211; Mugello, Scarperia e San Piero, Italy &#8211; September 11, 2020 Williams&#8217; Nicholas Latifi during practice Bryn Lennon/Pool via REUTERS Williams: 2021 Latest News, Results, Drivers and Car Updates Williams F1 is another team that has a lot of history in Formula One. The origins of the team can be traced back to 1977. What?s different about this team is that it has always been a family-run team. The founder of the team is Sir Frank Williams, who functioned in the capacity of the Team Principal for quite some time. His daughter, Claire Williams, succeeded him as the Deputy Team Principal before stepping down from her role in 2020. Following a dismal campaign in 2019 and a major financial crunch in 2020, the team put up a majority stake of the team for sale. In August, a private American firm, Dorilton Capital, acquired the team. Following the team&#8217;s sale, Claire announced her departure from F1 along with her father. For a team that&#8217;s been family owned for well over 4 decades, it truly was the end of an era. In its long and storied history, Williams has produced 7 World Champions. They are Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill, and Jacques Villeneuve. George Russell and Nicholas Latifi currently drive for the Grove-based. The team will be retaining both their drivers&#8217; services for the next season. On-track Achievements In their inaugural year in 1977, they did not enjoy a great start. However, in 1978, Alan Jones brought forth their first tally of points with a 4th placed finish in South Africa. He followed it up later in the season with a 2nd in the USA. In 1979, Williams entered two cars, with Clay Regazzoni partnering Jones. Regazzoni bagged the first win in Great Britain before Jones followed that feat up with three back-to-back wins in Germany, Austria, and the Netherlands. He took another win in Canada, with Regazzoni in 3rd. Formula One F1 &#8211; Tuscan Grand Prix &#8211; Mugello, Scarperia e San Piero, Italy &#8211; September 10, 2020 Williams&#8217; George Russell and Nicholas Latifi during a press conference FIA/Handout via REUTERS??ATTENTION EDITORS &#8211; THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES In 1980 and 1981, Jones clinched the World Constructors&#8217; Championship for Williams F1. They did it again in 1986 and 1987 with Nelson Piquet winning the Drivers&#8217; Championship. From 1992 to 1994, the British outfit sealed the Constructors&#8217; championship again. They took their final Constructors&#8217; titles in 1996 and 1997. Sadly, the team is yet to replicate its once feared win streak in Formula 1. Over two decades on, Williams is a shell of its former self. The British team is in a constant battle to score some points. So far this season, the team has been unsuccessful. Story of Williams F1 Who owns Williams F1? Williams is currently owned by Dorilton Capital, a private American investment firm. Williams? Sponsors Williams&#8217; major sponsors include Sofina, Lavazza, Acronis, RBC, Versa, and Financial Times. Charities The Williams F1 team is a huge supporter of the Spinal Injuries Association (SIA). SIA helps people who have suffered injuries to their spinal cord. In addition, the organization helps their families rebuild their lives after an injury with lifelong services that offer both practical and emotional support, advice, and information.  Founded 1977  Founders Sir Frank Williams, Sir Patrick Head  Number of Titles 9  Prize Money Won 57.5 million  Base Grove  Owner Dorilton Capital  Official website https://www.williamsf1.com  Drivers George Russell, Nicholas Latifi  Test drivers Roy Nissany  Engine Mercedes  Tires Pirelli

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[caption id="attachment_530444" align="aligncenter" width="1920"]<img class="wp-image-530444 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20210128145947/GettyImages-1211900292.jpg" alt="Nicholas Latifi ahead of the F1 Grand Prix of Australia at Melbourne Grand Prix Circuit " width="1920" height="1280" /> MELBOURNE, AUSTRALIA - MARCH 12: Nicholas Latifi of Canada and Williams looks on in the Paddock during previews ahead of the F1 Grand Prix of Australia at Melbourne Grand Prix Circuit on March 12, 2020 in Melbourne, Australia. (Photo by Clive Mason/Getty Images)[/caption]
<h2><strong>Nicholas Latifi 2021: Net Worth, Salary and Endorsements</strong></h2>
Canadian driver Nicholas Latifi made his F1 debut with <a href="https://www.essentiallysports.com/category/f1/williams/" rel="noopener noreferrer">Williams</a> in 2020. He got into the team to replace Robert Kubica, who further jumped ship to Alfa Romeo as a reserve driver.

His prior F1 experience included test driver roles for Renault, the erstwhile Force India team, and its successor, Racing Point Formula One.

He also spent the 2019 season as a test and reserve driver for Williams F1 before the big promotion.

His debut came at the 2020 Austrian Grand Prix, where he qualified last on the grid in 20th but finished the race in 11th place after nine other cars retired. Williams is due to retain both Russell and Latifi for the 2021 season.

[caption id="attachment_400650" align="aligncenter" width="1920"]<img class="wp-image-400650 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20201005165250/2020-09-26T101649Z_1561849385_RC2A6J9A0MR8_RTRMADP_3_MOTOR-F1-RUSSIA.jpg" alt="Nicholas Latifi during practice" width="1920" height="1055" /> Formula One F1 - Russian Grand Prix - Sochi Autodrom, Sochi, Russia - Williams' Nicholas Latifi during practice Bryn Lennon/Pool via REUTERS[/caption]
<h2><b>Nicholas Latifi?s Endorsements</b></h2>
Latifi's primary sponsor is Sofina Foods Inc, a privately owned food manufacturer. It is also noteworthy that his father, Michael Latifi, is the CEO of Sofina Foods.

Another huge sponsor is the Royal Bank of Canada (RBC), one of the world's largest banks. Moreover, Lavazza, one of the world?s most prominent coffee roasters, also endorses him.
<h2>Nicholas Latifi: Family</h2>
Latifi is the son of Michael Latifi, an Iranian-Canadian businessman who is the CEO of Sofina Foods, Inc. and also owns a British Virgin Islands company Nidala.

Through Nidala, Michael Latifi invested <a href="https://www.thedrive.com/accelerator/20985/father-of-f2-racer-nicholas-latifi-becomes-mclaren-group-shareholder-in-270m-deal" target="_blank" rel="noopener noreferrer">?200 million</a> (around US$270 million) in the McLaren Group.
<h2><strong>Nicholas Latifi: On-track </strong><b>Achievements</b></h2>
He finished as the runner-up in the FIA Formula 2 championship behind Nyck de Vries. Aside from that, he had had no spectacular results, with his highest ever championship position being fifth on three occasions.

In the FIA Formula 2 championship, Nicholas Latifi picked up six wins, with four of them coming in 2019. The other two came in 2017 and 2018, along with a grand total of 13 podiums.

In Formula One Series, he bagged no victories. Further, he acquired no podium or pole positions. With car no.6, he competed in 17 races.
<h2>Nicholas Latifi: 2021 Net Worth</h2>
According to internet sources, his <a href="https://www.celebsagewiki.com/nicholas-latifi">net worth</a> ranges approximately from $1-$5 million.

His annual salary as per the 2020 season in the F1 team Williams is $1 million <a href="https://www.racefans.net/2020/03/30/how-much-are-f1-drivers-earning-in-2020-and-should-their-fees-be-capped/" target="_blank" rel="noopener noreferrer">according to sources</a>.
<h2><strong>Nicholas Latifi: Foundations and Charity Work</strong></h2>
Latifi's sponsor, Sofina Foods, supported the 2008 launch of the visionary Women &amp; Babies Program at Sunnybrook Health Sciences Centre. The Latifi family shared Sunnybrook?s vision on how to promote baby-parent bonding when babies require incubators.

They also founded the Sofina &amp; Amici Golf Classic in 2008, a family-friendly golf tournament, which has raised more than $3.7 million.
<h2>Nicholas Latifi: Personal Life</h2>
Nicholas Daniel Latifi was born on June 29, 1995, in Montreal, Quebec, Canada.

He is the son of Michael and Marilena Latifi. His father, the CEO of Sofina, is an Iranian-Canadian entrepreneur.

He grew up with his three siblings, Soph Latifi, Michael Alexander Latifi, and Matthew Latifi. Nicholas resides in Toronto, Ontario.
<h2>How to Contact Nicholas Latifi?</h2>
Latifi is active on various social media platforms. He has profiles on <a href="https://instagram.com/nicholaslatifi?igshid=hujo049n57ik" target="_blank" rel="noopener noreferrer">Instagram</a> and <a href="https://twitter.com/NicholasLatifi?s=08" target="_blank" rel="noopener noreferrer">Twitter</a>. Further, he has his <a href="https://www.nicholaslatifi.com/" target="_blank" rel="noopener noreferrer">official website</a> through which his followers can stay updated about him.
<h3>Nicholas Latifi: Quick Facts</h3>
<table>
<tbody>
<tr>
<td width="170"><strong>Age</strong></td>
<td width="283">25</td>
</tr>
<tr>
<td width="170"><strong>Date of Birth</strong></td>
<td width="283">June 29, 1995</td>
</tr>
<tr>
<td width="170"><strong>Marital Status</strong></td>
<td width="283">Single</td>
</tr>
<tr>
<td width="170"><strong>Spouse</strong></td>
<td width="283">None</td>
</tr>
<tr>
<td width="170"><strong>Residence</strong></td>
<td width="283">Toronto, Ontario, Canada</td>
</tr>
<tr>
<td width="170"><strong>Nationality</strong></td>
<td width="283">Canadian</td>
</tr>
<tr>
<td width="170"><strong>Height</strong></td>
<td width="283">6?1 ???</td>
</tr>
<tr>
<td width="170"><strong>Ethnicity</strong></td>
<td width="283">White</td>
</tr>
<tr>
<td width="170"><strong>Endorsements</strong></td>
<td width="283">Sofina Foods, Royal Bank of Canada</td>
</tr>
</tbody>
</table>

Nicholas Latifi

MELBOURNE, AUSTRALIA &#8211; MARCH 12: Nicholas Latifi of Canada and Williams looks on in the Paddock during previews ahead of the F1 Grand Prix of Australia at Melbourne Grand Prix Circuit on March 12, 2020 in Melbourne, Australia. (Photo by Clive Mason/Getty Images) Nicholas Latifi 2021: Net Worth, Salary and Endorsements Canadian driver Nicholas Latifi made his F1 debut with Williams in 2020. He got into the team to replace Robert Kubica, who further jumped ship to Alfa Romeo as a reserve driver. His prior F1 experience included test driver roles for Renault, the erstwhile Force India team, and its successor, Racing Point Formula One. He also spent the 2019 season as a test and reserve driver for Williams F1 before the big promotion. His debut came at the 2020 Austrian Grand Prix, where he qualified last on the grid in 20th but finished the race in 11th place after nine other cars retired. Williams is due to retain both Russell and Latifi for the 2021 season. Formula One F1 &#8211; Russian Grand Prix &#8211; Sochi Autodrom, Sochi, Russia &#8211; Williams&#8217; Nicholas Latifi during practice Bryn Lennon/Pool via REUTERS Nicholas Latifi?s Endorsements Latifi&#8217;s primary sponsor is Sofina Foods Inc, a privately owned food manufacturer. It is also noteworthy that his father, Michael Latifi, is the CEO of Sofina Foods. Another huge sponsor is the Royal Bank of Canada (RBC), one of the world&#8217;s largest banks. Moreover, Lavazza, one of the world?s most prominent coffee roasters, also endorses him. Nicholas Latifi: Family Latifi is the son of Michael Latifi, an Iranian-Canadian businessman who is the CEO of Sofina Foods, Inc. and also owns a British Virgin Islands company Nidala. Through Nidala, Michael Latifi invested ?200 million (around US$270 million) in the McLaren Group. Nicholas Latifi: On-track Achievements He finished as the runner-up in the FIA Formula 2 championship behind Nyck de Vries. Aside from that, he had had no spectacular results, with his highest ever championship position being fifth on three occasions. In the FIA Formula 2 championship, Nicholas Latifi picked up six wins, with four of them coming in 2019. The other two came in 2017 and 2018, along with a grand total of 13 podiums. In Formula One Series, he bagged no victories. Further, he acquired no podium or pole positions. With car no.6, he competed in 17 races. Nicholas Latifi: 2021 Net Worth According to internet sources, his net worth ranges approximately from $1-$5 million. His annual salary as per the 2020 season in the F1 team Williams is $1 million according to sources. Nicholas Latifi: Foundations and Charity Work Latifi&#8217;s sponsor, Sofina Foods, supported the 2008 launch of the visionary Women &amp; Babies Program at Sunnybrook Health Sciences Centre. The Latifi family shared Sunnybrook?s vision on how to promote baby-parent bonding when babies require incubators. They also founded the Sofina &amp; Amici Golf Classic in 2008, a family-friendly golf tournament, which has raised more than $3.7 million. Nicholas Latifi: Personal Life Nicholas Daniel Latifi was born on June 29, 1995, in Montreal, Quebec, Canada. He is the son of Michael and Marilena Latifi. His father, the CEO of Sofina, is an Iranian-Canadian entrepreneur. He grew up with his three siblings, Soph Latifi, Michael Alexander Latifi, and Matthew Latifi. Nicholas resides in Toronto, Ontario. How to Contact Nicholas Latifi? Latifi is active on various social media platforms. He has profiles on Instagram and Twitter. Further, he has his official website through which his followers can stay updated about him. Nicholas Latifi: Quick Facts  Age 25  Date of Birth June 29, 1995  Marital Status Single  Spouse None  Residence Toronto, Ontario, Canada  Nationality Canadian  Height 6?1 ???  Ethnicity White  Endorsements Sofina Foods, Royal Bank of Canada

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Michael Latifi touted for Williams takeover

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