Adam Parr Williams & Management announced Friday that the English team was considering an IPO in a more or less near future. A scenario already considered for F1 in itself, but has never been implemented before. Let us try to see what such an operation can bring.
Introduce Grove City could allow the team to obtain additional funds in order to reinvest later. The Team's statements indicate that Williams intends to retain majority shareholding open, but also controlling shareholders. The majority is not necessary to maintain control of a company, but the solution is more conservative and it reflects the desire to retain almost exclusive control of the team, while welcoming the contribution new money.
It is not excluded that Williams, the team itself, buys shares of these new partners thereafter. The purpose of the action is therefore possible to position itself more strategically in the long-term rather than looking for funds to run. This may play well in negotiations with banks, by the ability of repayment and borrowing capacity, which can be facilitated. The positive results of the team in 2008 and 2009 in this direction, and for 2011, PDVSA will offset the loss of sponsorship of the winter. He will then see later if the team confirms that direction, since nothing has yet been decided. It also remains to judge whether such formal quotation will be effective, the results in other sports are more or less successful. Williams was on his side a 40-year accounts healthy and solid financial foundation. The experience can be worth it, while positioning itself as an anticipation of lack of sponsors, like Toto Wolff have done the same team several months ago.
The team also said that Frank Williams had no desire to retire, or even health problems. The man is physically weakened for years, but he seems more determined than ever to ensure the viability of his stable in these difficult times.
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