Bin Laden dad's Formula 1 deal.
THE family of Osama bin Laden Osama bin Laden: see bin Laden, Osama. sponsored Britain's Formula 1 racing team Williams in the late 70s and early 80s.
Team chief Frank Williams Sir Francis Owen Garbatt Williams CBE (b. April 16, 1942) is founder and manager of the WilliamsF1 Formula One racing team.
Born in Jarrow, Tyne and Wear, England, to an RAF officer and a special education teacher and later headmistress, Williams was largely brought up by even renamed the team to include them.
In 1977, Williams was looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a strong investor to save his cash-strapped team.
After running marathons to raise cash, he and his chief technician chief technician
a noncommissioned officer in the Royal Air Force , Patrick Head, went looking for investors in Saudi Arabia and secured funds from Saudi-Airlines and technical firm TAG. Hotel chain Albilad - then owned by Osama's father Mohammed bin Laden Shaikh Mohammed bin Awad bin Laden (محمد بن لادن), also known as Mohammed bin Laden (1908—September 3, 1967), a Yemeni immigrant to Saudi Arabia was a wealthy investor, businessman and patriarch of the - joined the list of sponsors from 1978 to 1981.
Williams renamed his team Albilad-Saudia Williams Racing and then, with the start of the 1980 season, Albilad-Williams.
It was a successful team, which Australian driver Alan Jones took to victory at the Formula 1 World Championship in 1980. Jones also won his last Formula 1 victory for the Albilad-Williams team - the Great Prize of the United States in Las Vegas, in 1981.
The Williams team hit hard times after June 1970 when driver Piers Courage died in flames racing for the Great Prize of the Netherlands.
Courage's father had supported the Williams team, so Williams lost his driver, friend and investor.
He went bankrupt soon after and struggled for years before making the Saudi connection.