Williams spent $3 million on bonuses to its staff at the end of last year, British newspapers report. The news follows hot on the heels of the Grove based team admitting on Monday it recorded a $50 million financial loss last year, as a result of lower sponsorship and official prize-money as well as higher costs. But deputy boss Claire Williams insisted the figures should not be used to demonstrate either that the famous team or the sport in general is in trouble. "These figures do not represent any wider malaise in the sport," she is quoted by the Daily Mail. "It is a product of our performance over the last decade. But we are not quaking in our boots." Indeed, it is...
Full Story »