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Williams announces income increase

Williams Martini Racing Williams Grand Prix Holdings has announced an income increase in 2013 compared to their 2012 results. The Group's overall income increased to £132.4m, up from £105.8m in 2012. Williams's Formula 1 income increased to £108.5m, up from £86.4m in 2012, largely thanks to 'special non-recurring sponsorship payment', which is thought to be linked to PDVSA's departure at the end of 2013. "Although 2013 was a difficult season for the team on the race track, we report these full year results at a time of much optimism for the Williams Group," said founder and team principal Sir Frank Williams. "We have started the 2014 Formula One season well and hope we...
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