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.