The share price of Williams F1 has fallen 40% since its flotation on the Frankfurt Stock Exchange back in February, according to a report in UK newspaper The Telegraph. That translates to a value of almost €100m (AU$133m).
With poor on-track performance it is probably no surprise to read this news. It paints a sorry tale for Williams, which is still the second most successful in Formula One, despite not winning a race since 2004.
Worse, is the opinion of Scott Garrett, former head of marketing at Williams, who said he does “not believe they will ever have the budget [to win again].”
“The sorry state of the WF1 equity price indicates a team that is more desperate than confident, and confidence is critical when presenting oneself to sponsors and asking them for money,” said Mr Garrett.
[Source: The Telegraph | Pic: AT&T Williams/LAT]
3 replies on “Williams F1 share price plummets”
Floating a sport on the exchange doesn’t make sense. Quarterly forecasts would be challenging. .
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