Williams considers going public to ensure future

Formula One team Williams is considering going public to secure

its long-term financial health as an independent team.

Team principal Frank Williams, who founded the team in 1972,

says the British outfit is looking at a flotation on the stock

market after it lost a number of sponsors in 2010.

Williams says he will remain the majority and controlling

shareholder, but he could look for ”a stable core of long-term

investors closely involved in the running of the team.”

Williams is F1’s third-most successful team after Ferrari and

McLaren with 113 victories in 565 races. It hasn’t won a grand prix

since 2004 and only finished sixth in the constructors’

championship last season.