Williams to sell F1 team?

JCB have made an offer to Sir Frank Williams to buy the Formula 1 team.

No figure has been released but it is understood to be a very substantial sum.

A JCB spokesman has said "We have approached Sir Frank with an offer and are awaiting a response which should come soon" He went on to say that if Sir Frank agrees then the Williams name would remain part of the team and the Toyota contract would be honoured.

JCB are the world biggest manufacturers of road digging equipment and has recently been involved in the power tool world and also are the worlds fastest diesel land speed record holders.