Have you ever wanted to own an Formula One team? Usually that would cost you millions upon millions of dollars, the kind of cash that only an automaker (like Ferrari or Mercedes-Benz) or an incredibly wealthy individual (like Richard Branson or Vijay Mallya) could afford. But the Williams F1 team is offering an unprecedented opportunity to get in on the ground floor.
For the first time in F1 history, the team will offer publicly-traded shares on the open stock market – in this case the Frankfurt Stock Exchange. It's part of an effort to raise capital and ensure the team's future as its leadership – Frank Williams and Patrick Head – are growing older.
Although the team has nine world championships to its name, these days it's having trouble keeping up with the competition.