Former Williams chairman Adam Parr has revealed the reasons behind his sudden departure from the Formula One team earlier this year.
The team announced his resignation on March 26th with co-owner Sir Frank Williams explaining it was to allow him to “pursue a better balance in his life.”
Parr though, who has just published a graphic memoir of his time at the helm of the outfit, says the decision was actually made in the interests of the team, with the belief that Bernie Ecclestone wouldn’t offer Williams the same benefits as the other top teams in the new Concorde Agreement whilst he was at the team.
“I had resigned that week, rightly or wrongly believing that Ecclestone had told my board that no Concorde offer would be forthcoming while I was running Williams,” wrote Parr.
“Under the circumstances, I chose to stand down so that the team could make the best deal possible with him. The offer arrived the day after my resignation had been announced.”
The 47-year-old denied he was bitter over the affair, but admitted he had regrets that things couldn’t have played out better.
“I feel very regretful that I wasn’t able to finish what I set out to do…I certainly don’t feel bitter or resentful, because it was entirely my own failure in the execution of what I think was a sound strategy not just for Williams but for the sport as a whole,” he told Reuters.
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