F1 » Official: Williams considering stock market flotation


Sir Frank Williams confirms plans to ensure his team is in 'good shape to go on racing long after he is gone'.

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Little John - Unregistered

January 21, 2011 3:52 PM

Wow this is amazing. I will finally be able to own a small part of a formula 1 team!!!! And not just any team either, a great team with a great legacy that has won GP's and titles. I don't have that much money so I won't be able to buy that many shares -but even so a very very small percentage of Williams will soon belong to me....

BTW I don't care if I don't get any return on my investment the honour of helping Williams & Sir Frank is more than enough for me.

Yirmin Snipe - Unregistered

January 21, 2011 5:07 PM

The end is near for Williams.

This just shows how desperate they are for money.... the big problem they fail to mention is that a public offering will generate money when it happens, but it is a one time event. What will not be a one time event will be the more expensive accounting that will be required for the stock to be traded on any exchange of name.

What happens the next year when they find that they are no better off financially?

Bob - Unregistered

January 21, 2011 5:46 PM

It always makes me laugh when a company in that situation says: "we want to float but this is nothing to do with raising cash for the company" What is it then?

Alan D - Unregistered

January 21, 2011 5:47 PM

No need for doom mongers. In American Football back in the 1923, the Green Bay Packers needed to keep playing football and sold shares in the team to some fans. I think they needed something like 250 dollars back then. Today it has over 100,000 share holders, is the only publicly owned professional sports team in the USA, is one of the most successful teams in the history of the NFL, and this weekend it plays in the NFC final, which is the last match before the Superbowl. Four times in its history, the Packers have struggled to survive, and each time the fans have bought more shares to keep it going. On paper the shares are not worth much, and you don't get rivh being a Packers shareholder, but fans love the team.

andrew.

January 21, 2011 6:21 PM

Good business idea this. Many share holders will most likely be pretentious fools with too much money who will boast to anyone who will listen that they own a bit of an F1 team, though they will neglect to mention that their shares amount to the value of one roll of toilet paper in Frank Williams private toilet.

The rest will be fans of F1, Williams and investors who know a lot about the stock market.

Looks like a good way to generate income for Williams.

kiwibob - Unregistered

January 21, 2011 10:46 PM

My opinion is as it reads long term as they have made a profit every year for the last four and is fully fundedx for this year as well . Smart business move and if it keeps making a profit people will love owning a small part even with a small return . Again just my positive outlook on it which im sure all the negative people on here will disagree with

Rob01 - Unregistered

January 21, 2011 10:57 PM

Williams told the world it had the budget in place to compete in F1 in 2009 and 2010.

But the true scale of its financial plight has been made clear as it emerged that part of that money came in the form of a £14.5m advance from Bernie Ecclestone, as he struggles to prevent another team leaving Formula 1.


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