Posted on 22 June 2019
AP Williams F1 team announced alarming plans. To ensure the long-term financial health, the team intends to publicly release shares.
After 2010, a large number of sponsors away from Williams, is an open secret, the British team official statement issued today by the plan, but eventually the implementation have yet to be determined.
In 1977, Frank – Williams and Patrick – Head of the Williams F1 team working together, this powerhouse won a total of nine manufacturers titles and seven drivers championships. As an independent team, awesome. Frank is the planet one of the most dedicated racing fan, he always maintained with Patrick this independent team not give up, no matter how grim financial situation. Until 2009, they will sell 10% stake in the Austrian businessman Wolf (Toto Wolff).
Old Frank said in a statement released today
he will work with Patrick, and detailed consideration Wolf listing. But no matter how ultimately, he will be holding the team and the boss. “Patrick, Wolf, and I will closely look at this option. If the environment is ideal, we may take action in the near future. But no matter where are we a step, I still AT & T Williams team’s controlling person and team leader. “old Frank said.
At the same time, Mr Adam Williams F1 team – pal (Adam Parr) for the matter in a media telephone interview that the team did this to consider, not to seek short-term cash injection, but for long-term development. London 2011 team known as the budget has been coming from, and acknowledge Maldonado brought national oil company of Venezuela (PDVSA) sponsorship to help the team is not small.