F1 »

Williams share price down by over a quarter

Poor start to F1 2011 has serious implications for Williams as share values nosedive

Shares in multiple F1 World Championship-winning outfit Williams have plummeted by over a quarter since the Grove-based out floated on the Frankfurt Stock Exchange at the start of last month.

Williams have endured a dismal start to F1 2011, with Rubens Barrichello and Pastor Maldonado both retiring in Australia and Malaysia and while they did get to the chequered flag in China more recently, it was only in 13th and 18th respectively. As a result shares fell by 3.4 percent after the race in Shanghai and over the last month they have decreased by 13.9 percent.

Shares closed just before Easter at 17.69 Euros, while they had been worth 24.21 Euros when trading started back in March - a reduction of 27 per cent.

Sponsorship consultant Julian Cotttam told British newspaper, The Guardian, that the decision to float was poorly conceived.

“I can't see any motivation at all for a brand to align with a team that has made such a fundamentally flawed decision,” he told the 'paper.

“I didn't see why Patrick Head [co-founder of Williams F1 and director of engineering, who is due to retire this year] was so determined to offload his entire stock in the business at a time when Williams has had a long period without any great success on track.”

Williams is the third-most successful team in F1 history – with 16 world championship crowns to its name. However it has not claimed a title since 1997 nor won a race since 2004.

Related Pictures

Click on relevant pic to enlarge
16.04.2011- Saturday, Pastor Maldonado (VEN), Williams FW33
16.04.2011- Saturday, Rubens Barrichello (BRA), Williams FW33
16.04.2011- Saturday, Rubens Barrichello (BRA), Williams FW33 leads Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia
15.04.2011- Friday Practice 2, Pastor Maldonado (VEN), Williams FW33
10.03.2011- Rubens Barrichello (BRA), Williams FW33
Williams` 2011 F1 livery on the FW33 [Pic credit: Williams]

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.

Hoogo Chabes - Unregistered

April 26, 2011 2:40 AM

All of you are just starting to know how unlucky anybody can get when he decides to accept my doubtful money sponsorships. Regards from the Commander President of the Volibarian Republic of Benezuela.

© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.