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7Williams announces resignation of Patrick Head

Those outside of Formula One circles may not recognize the name Patrick Head, but rest assured just the same that his departure from the Williams team marks the end of an era.

4Williams sells minority stake to Austrian investor

With all the money that goes into running an F1 team, and the limited opportunity to make any of it back, we can't see why anyone would view owning a team as a sound investment. Evidently Herr Toto Wollf feels otherwise, as the Austrian financier and gentleman racing driver has acquired a minority interest in Williams Grand Prix Engineering.

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