What is the best way to make a small fortune in Formula One? Come with a big one. Williams, however, has another idea, and it is a radical one in the field of motorsport, the British outfit to shares of common stock.
Williams stressed that the idea is being considered to secure a long-term future (as his team heads some of the oldest on the grid are) and not as an attempt to raise money at short notice. After the sale of the team of Austrian Investors Toto Wollf, it suffered from the departure of a number of sponsors at the end of last season. But the team is their budget is safe for the next championship, having recently announced a deal with Venezuelan oil company PDVSA, to replace the signature of the Venezuelan driver and reigning GP2 champion Nico Hulkenberg Pastor Maldonado on for next season followed.
The Williams Group has more than just the F1 team includes Williams Grand Prix Engineering, and the hybrid development for the Porsche 911 GT3 R Hybrid, development and construction of the Formula 2 chassis and separate operations in Qatar employed, which would are all allegedly part of the IPO if the company decides to continue with the move. At the moment, however, seem to dive Frank Williams and company their proverbial toes in the water. Follow the jump for the official statement.
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