Formula One: My only regret is not signing Michael Schumacher; GRAND PRIX EXCLUSIVE: Frank Williams in his most revealing interview EVER.

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Byline: Oliver Holt CHIEF SPORTS WRITERSIR FRANK WILLIAMS has collected racing drivers of rare brilliance like an obsessive hoarder of precious metals.Down the years, the best racers in the history of Formula One have taken their place at the wheel of his blue and white cars.Alan Jones, Nelson Piquet, Nigel Mansell, Damon Hill and Alain Prost have all won world championships racing for Williams.And the late, great Ayrton Senna had competed in two grands prix for the team in the 1994 season when his life was cut short in a tragic accident at Imola.Seeing the gifted Brazilian climb into one of his cars was the fulfilment of a dream for a man who is one of the most remarkable and inspirational figures in British sport.But as he sat in the team's motorhome overlooking the harbour here yesterday, Williams admitted he has one last ambition he fears will never be realised.He knows the missing piece in his collection is the most fabulous one of all and that he may never be able to tempt him away from Ferrari.But as Michael Schumacher attempts to equal Senna's record of winning the Monaco Grand Prix six times tomorrow, Williams knows the German is slipping out of his grasp."Michael is still the best one out there," Williams said. "I say that happily and grudgingly. The sun is not about to set on him."I rather wish he would go away sometimes but I have come to the conclusion this season that he is the best motor racing driver there has ever been. He is the complete package. He is a brilliant driver and a phenomenally hard worker. He's got just about everything."I would still like to have Michael as a Williams driver some time in the future. It's an ambition not a dream. But my hunch is he will step out of Ferrari into obscurity... if he can find it."I understand his contract runs out at the end of next season but all the signals are that they are trying to keep him and the rest of the current team together until the end of 2006."After an uncharacteristically shaky start to the season, Schumacher has won the last three races in San Marino, Spain and Austria.He has shot back up to second in the championship standings just two points behind leader Kimi Raikkonen.And only a fool would back against him going to the top of the charts tomorrow afternoon, such is his mastery of the street circuit.If he wins the title again this season, he will beat the record he shares with legendary Argentine racer Juan Manuel Fangio and claim his sixth world crown.Williams can only look on with a mixture of despair, envy and a fierce and unyielding determination to try to dent the German's dominance."It is agonising for me to see what is happening in the championship at the moment," Williams said. "It is agonising for me when we are losing. It is agonising and it is worrying but it is not depressing."It's not depressing because trying to catch up with Ferrari and Michael is a great challenge, the greatest challenge we have ever had. We would all like to change the position of Ferrari. If we ever get around to beating them, we will be very proud."We are chasing a world class act. There are very few chinks in their armour. Sadly."In F1, nothing stays the same for long. F1 is full of surprises. There's a young Spanish boy called Fernando Alonso who has emerged and is brilliant."He might give Michael a fair run for his money. Ferrari can be toppled. Something can always come out of the woodwork."Losing feels like humiliation to me. It is a sharp, unpleasant feeling but you must not let that cloud your judgment."Williams insists he is happy with his current driver combination of exciting young Colombian Juan Pablo Montoya and Schumacher's younger brother, Ralf.But he is also aware that new stars like Alonso at Renault and Raikkonen at McLaren-Mercedes have overtaken his men in the pecking order. Between them, Montoya and Ralf have only managed one podium finish all season and Williams are languishing in fourth place in the Constructors' Championship behind Ferrari, McLaren and Renault.As the team has struggled, there has been talk of friction between Williams and the team's engine partner, BMW, who claim theirs is the best engine in Formula One.But Williams is adamant he is as enthusiastic and committed to the cause as he ever has been as he contemplates the fight ahead.Only when he is pressed does he allow himself even to daydream about what he might do if he was not involved in the sport that has consumed his life.His other great passion is for military planes and he was thrilled recently when actor Anthony Edwards, who starred in Williams' favourite film, Top Gun, visited him at the Williams factory at Grove, near Oxford."I suppose if I couldn't work in Formula One, I would probably fool around in the aviation industry," Williams said."I'd like to be at Fairford, sitting at the end of the runways watching the B52s taking off. It's technology and speed, about as macho as you can get."One of his heroes at least, then, has sat opposite him in his office. But Williams knows that Formula One's own Top Gun still lies tantalisingly out of reach.CAPTION(S):FRANK AND TO THE POINT: Williams says Michael Schumacher is the best there's ever been; WHEEL OF MISFORTUNE: Frank Williams has steered Nigel Mansell (above, left) and Damon Hill (above right) to the world title, but his biggest regret is missing out on doing the same with Ferrari legend Michael Schumacher (right)