Billionaire Lawrence Stroll interested in buying stake in Williams

Lawrence Stroll, Canadian billionaire is interested in buying a stake in Williams and is rumored that he is ready to spend EUR 120 million on a Formula One team, Italy’s Autosprint claims.

According to Autosprint, earlier Stroll was interested in buying Sauber and shown his keen interest to buy Sauber but now he turned his attention towards buying stake in Williams. He was also linked with buying into F1’s commercial rights.

The billionaire currently funds the career of his 16-year old son Lance Stroll, who is a member of Ferrari’s driver academy.  He is the Canadian racing driver and also the second youngest driver signed by the Formula One team.

Lance father’s wealth is providing boost to his career in formula one.

As Lawrence shown his interest in acquiring a stake in Formula One itself, Bernie Ecclestone chief executive of the formula one group commented on this statement that not just anyone will be handed the keys to F1 just because of the net worth. Bernie who is currently manages the formula one and controls the commercial rights to the sport.

“I will tell you how much trouble F1 is in,” the 85-year-old Briton told the Sunday Times. “Right now we have three parties who are seriously interested in buying.” (GMM)