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Canadian Food Tycoon Rescues Struggling Formula 1 Team

  • Michael Latifi offers multi-million pound loan for son’s team
  • Williams Formula 1 has furloughed some employees and cut pay
George Russell from Great Britain of Team Rokit Williams Racing drives in Baden-Wuerttemberg, Hockenheim.

George Russell from Great Britain of Team Rokit Williams Racing drives in Baden-Wuerttemberg, Hockenheim.

Photographer: picture alliance/picture alliance

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An ailing Formula 1 team has won a lifeline with the help of Canadian food processing tycoon Michael Latifi at a time when the coronavirus pandemic has virtually shutdown the sport.