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]