Williams says it has been buoyed by discussions that it has held with “high quality” parties that are interested in investing in the organisation.
Williams revealed before the start of the delayed 2020 season that it was actively searching for investment and could potentially sell the Formula 1 team.
The squad has struggled on-track in recent years, finishing at the foot of the Constructors’ Championship, while its finances have also suffered.
“We are happy with the process and how it is going so far,” said Deputy Team Principal Claire Williams on Friday.
“We have received a number of interesting potential investors and we are talking to those at the moment and they are of a high quality, which we are delighted about and we continue to go through that process at the moment.
“At the start of it we anticipated that it would take three to four months and we’re still on that timeline at the moment.”
Williams terminated its title sponsorship with ROKiT prior to the start of the campaign, overhauling its livery, and has not replaced the company.
Speaking about the end of the relationship with the organisation, Williams said: “As you would probably imagine, for legal reasons I can’t go into any further detail around the termination of our ROKIT sponsorship except to say that we terminated it and yet we fulfilled all of our contractual obligations with ROKIT.
“Unfortunately, it was a fantastic partnership for us at the beginning and we’re incredibly disappointed that we’re in this situation but it is what it is and we have to move on.
“We have some very clever people at Williams that manage our money and we’ve managed to secure the funding in order to keep us racing this year so that doesn’t change.
“So it has no impact on what we are able to do this season, whether that be with regards to the upgrades that we had planned etc. But apart from that, I’m afraid I can’t say a whole lot more.”
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