An F1 team owned by fans

[Steven]

Hi all,

I received note about a new project being started up. The idea is to make an entry into the 2010 Formula One championship. In that team, fans will be able to participate with a small donation, after which they can follow the team's ongoings and make suggestions for its operation.

http://www.myf1racing.com/

Sounds interesting, but I'm not sure how feasible it is...

[j4kwan]

Interesting...a co-op F1 team, like a co-op store

[gridwalker]

Well, Justin Wilson set himself up as a PLC back in 2003, selling shares in himself (with an investment return paid through future earnings) in order to fund his formula one bid.

Unfortunately, the sale of shares was a whole lot more successful that Justin's career in formula one!

http://www.justinwilsonplc.com/1_about.htm

I wish the fan supported team all of the luck in the world : it's a shame that they'd probably need it.