News Details

Williams drives back into the black

Formula One team Williams returned to profit last year, despite a poor season on the track for the former world champions, helped by a one-off payment from outgoing sponsor PDVSA. State-owned Venezuelan oil company PDVSA paid out for an early termination of its sponsorship deal when driver Pastor Maldonado left Williams for Lotus at the end of last season. That payment helped Williams, the only Formula One team with a stock market listing, to increase revenues to 132 million pounds ($223 million) in 2013, from 106 million the previous year. The group, which is developing an engineering business to commercialise its racing technology, reported an operating profit of 12 million pounds, a...
Full Story »
9y ago from SuperSport.com 0
Share

You May Also Be Interested In...

Williams announces income increase

Williams Martini Racing Williams Grand Prix Holdings has announced an...
9y ago from F1Zone.net

Williams increases income by 25%

Williams Grand Prix Holdings PLC (WGPH) has announced its financial...
9y ago from Crash.net

Force India set to unveil Smirnoff sponsor deal

Force India is due to announce a major new sponsor in the form of Smirnoff...
9y ago from TheF1Times.com

Slavica Ecclestone's not-so-secret £10m payment to...

An investigation by the BBC has apparently revealed that Formula One boss...
9y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Aldeguer signs two-year MotoGP deal with Ducati for...

Fermín Aldeguer will make the step up to MotoGP in 2025, having agreed a...
13h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Lundqvist: CGR resources are ‘everything I could...

Linus Lundqvist is one of three rookies contesting the entirety of the...
14h ago from MotorsportWeek.c...

Consistency a top priority for Ericsson at ‘up and...

As Marcus Ericsson enters his sixth year racing in the NTT IndyCar Series,...

Popular On TotalWRC.com

Kenjiro Shinozuka, 1948–2024

Kenjiro Shinozuka, the 1997 Paris–Dakar Rally victor and 2× World Rally...

Popular On GunnersToday.com

Man United want Real Madrid striker that Prem rivals...

The biggest clubs in European football could line up markedly differently...
16m ago from CaughtOffside.com

Premier League Team of the Season so far - Haaland,...

Sports Mole selects its Premier League Team of the Season so far,...
7h ago from SportsMole.co.uk

Man City to face Real in CL quarter-finals while...

Manchester City will face Real Madrid in the Champions League...
7h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.