Williams has posted significant losses across its F1 team and Group of companies The Williams Formula 1 team has posted a half year loss of more than AUD $30 million. Currently nailed to the back of the grid, the F1 team's results were part of a broader loss for the Williams Group, which totalled nearly AUD $34 million. According to its own report, the team generated revenue of just over $140 million, with F1 contributing $83 million. That was down from the $109 million brought in by the F1 team 2018, and $148.8 million in total revenue across the Group. 'Our financial results reflect a challenging half year for our Formula 1 operations, yet also demonstrated continued growth in the...
Full Story »