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Williams not worried by £42.5m loss

Williams has announced a loss of £42.5m in 2014, blaming the deficit on a 'hangover' from recent failure. Williams finished ninth in the 2013 Constructors' Championship - the lowest finish in their history - which led to reduced prize money and sponsorship. The British team - third last year - made a £11.9m profit in 2013. 'While 2014 at first glance was disappointing, it really was what we anticipated. We're on track,' said chief executive Mike O'Driscoll. 'What we are reporting today is essentially a hangover. We expect 2015 to be materially, significantly, better than 2014.' Williams, currently third after four races this year, had a turnover of £71.2m last year, compared to £106m...
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8y ago from BBC.co.uk 0
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