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Patrick Head, who co-founded the team with Williams in 1977 and remains director of engineering, is selling a larger chunk of 1.77m shares, generating €51m. The proportion of shares available to the public will be 27.4%.In an attempt to lure money from motor-racing enthusiasts, the company is offering VIP membership of a "Williams owners' club" to investors who buy more than 1%, giving them hospitality in the team paddock, access to garages at races and tests and an annual dinner with Sir Frank Williams, directors and drivers.