Williams "Embarrassed" by Pre-Season Start

It would be sad to see them go the way of Lotus and Brabham. If they do fold, it makes me wonder about the future of McLaren.
McLaren has road cars, McLaren Applied Technologies (Williams has something similar) as well as an establised GT3 division in the 720s GT3. If F1 gets too much, they will simply walk and go to the WEC or Formula E or something. Williams should also bail to FE if they keep on like this.
 
What is wrong with Williams? Is it just a lack of funding? Did they lose some geniuses along the way? Anybody knows what happened? They used to be a Tier 1 team for the longest time.
Things seemed to start spiraling downward once Frank and Patrick stepped back and Claire took over the reigns. Those two, along with Dennis at McLaren, were probably the most consistently astute team bosses on the grid. Even after Newey left, the Williams Team was still a powerhouse.
New management, with a new philosophy and direction that comes with it. Unfortunately, it hasn't worked out.
 

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