Fans of Formula One are being offered the opportunity to buy shares in one of the Sports most famous Teams.
Williams F1, which was founded in 1977 by Sir Frank Williams and Patrick Head and has gone on to win 7 Drivers and 9 Constructors Championships, has announced plans to float 27.39% of the company on the Frankfurt Stock Exchange. Trading is due to begin on 2nd March with an indicative value of between EUR25 – EUR27 (£21 – £23) per share.
Matthew Frampton of Redmayne-Bentley Stockbrokers in Beverley said
“Williams F1 will be the first Formula One team to list on the Stock Exchange and will allow risk-tolerant investors the chance to benefit from the Teams success both on and off the track.”
“The company itself has reported 3 years of profits and has fully agreed sponsorship for the 2011 Season. After a number of Football Clubs listing on the Stock Exchange in recent years, could this floatation set the trend for Formula One?”
For further information please call Matthew Frampton on 01482 864090
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