In the Latifi/Williams deal earlier this year it was reported that:
"Documents relating to the loan to
Williams Grand Prix Engineering Ltd, which was finalised last week, do not give the exact amount that
Williams has been loaned, but the accounts reveal that the historic cars - part of the package against which the loan is secured - are valued at £20 ($24.6m) whilst the land and buildings are valued at £30.7m ($37.7m).
The loan refinances a £40m facility agreed by HSBC in 2015 and which was also secured against the company's assets.
Included in the assets is the team's contract to race in F1, therefore, should
Williams default Latifi, who in 2018 secured a 10% stake in
McLaren for £203.1m ($249.8m), would have total control of
Williams.
To put the £50m figure in perspective, it is less than half the $150m (£118.6m) budget cap the teams are currently squabbling over.
The loan, which is secured on the team’s historic car collection including many title winners, was furnished by the ubiquitous consortium, which is led by Latifi. However it is his Ontario-based Latrus Racing Corp that appears on the paperwork."
Frank is a very astute businessman, so I'm wondering if the family have managed to retain any of the assets that might otherwise have been at risk.
PH