Apr.24 (GMM) Team co-owner Patrick Head has confirmed that, contrary to recent speculation, the Icelandic investment group Baugur did not buy a slice of Williams over the recent winter period.

The British team is, however, heavily involved with Baugur, with associated brands including All Saints, mydiamonds.com and Hamley's all prominently displayed on the FW30 livery.

"It is true that a large portion of our sponsors are part of the Baugur group," Head admitted to the Swiss publication Motorsport Aktuell.

As to whether there are negotiations about the sale of team shares, the Briton adds: "No comment.

"That is something about which we do not wish to talk," Head said.