21 August 2020. With the acquisition, Claire Williams was offered the chance to stay on as a team principal but that offer was declined. The 2020 Italian Grand Prix in Monza was the last race where the Williams family led the team. The sale happened after years of financial difficulties. Reuters reported on 20 November 2009 that founders Sir Frank Williams and Patrick Head had sold a minority stake in the team to an investment company led by Toto Wolff. In February 2011, Williams F1 announced plans to raise capital through an initial public offering (IPO) on the Frankfurt Stock Exchange (FWB) in March 2011, with Sir Frank Williams remaining the majority shareholder and team principal after the IPO. In December 2017 Sir Frank Williams owned 51.3% of the company, with 24.1% on the public marketplace, Brad Hollinger owning 11.7%, Patrick Head 9.3%, and 3.6% is held by an employee trust fund. However in May 2020, Williams was put up for sale after posting a £13 million loss in the previous year. Williams Heritage Williams Heritage (WH) is the retired chassis and restoration division of Williams F1 (similar to Ferrari F1 Clienti and Classic Team Lotus) that keeps and maintains old retired Williams Formula One chassis that are no longer in racing use. The division's headquarters are located at the Formula One team's site in Grove, Oxfordshire. Williams Heritage manage the restorations, maintenance and on-track activities of the entire Williams collection, as well as privately owned Williams cars. The division was created by Jonathan Williams and is managed by heritage team manager, Tom Morton. Williams Driver Academy Like most F1 teams, Williams operates its own driver academy. They currently have five drivers in their programme. Current drivers within the Driver Academy are Jamie Chadwick (W Series Champion 2019, 2021, 2022), Roy Nissany, Logan Sargeant (Williams F1 driver 2023), Zak O'Sullivan, Oliver Gray and Franco Colapinto. Former drivers include Lance Stroll (who currently races for Aston Martin in Formula One), Oliver Rowland (who currently races for Mahindra in Formula E), Nicholas Latifi, Dan Ticktum, and Jack Aitken. Williams Experience Centre The Williams Experience Centre is located at the home of the Williams Formula 1 team in Grove, Oxfordshire. Originally the base of BMW's Le Mans project, the building was converted in 2002 and today stands as an award-winning Experience Centre, offering event rooms catering and in-house AV facilities. Other motorsports activities