News Details

Williams shows profit despite tough 2013 season

Williams shows profit despite tough 2013 season 3 May, 2014 Williams Formula 1 team 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 commercialize its racing...
Full Story »
3y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Maldonado paid Williams $25 million to end contract

Pastor Maldonado A $25 million contract termination payment from Pastor...
3y ago from GrandPrix247.com

Maldonado paid $25m to leave Williams

A $25 million termination payment from Pastor Maldonado's sponsor helped...
3y ago from GrandPrix.com

Williams drives back into the black

Formula One team Williams returned to profit last year, despite a poor...
3y ago from SuperSport.com

'Bernie paid to avoid £1.2bn tax bill'

In a month when Bernie Ecclestone is in the spotlight for unwanted...
3y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

‘Nicky will be missed by all of us’ - Wayne...

Rainey says Nicky Hayden will be remembered for his work ethic, his...
1h ago from BikeSportNews.com

MotoGP Le Mans: Last-lap crash a mystery for Rossi

Rossi is mystified by the last-lap crash which saw him lose at least 20...
1d ago from BikeSportNews.com

Márquez was 'careful' prior to accident

– Reigning World Champion Marc Márquez says he was trying to be...
4h ago from GPUpdate.net

Viñales victorious after last-lap Rossi error

– Maverick Viñales claimed victory at an incredible French Grand...
1d ago from GPUpdate.net

Popular On IndyCarToday.com

JR Hildebrand: “It’s a place I think we can...

Sixth place on the grid is a good starting spot for JR Hildebrand, and he...

Indy 500 Day 2 qualifying live stream

Watch Sunday practice and qualifying from the Indianapolis Motor...
1d ago from Racer.com

Alonso - Pole 'close' without engine issue

Fernando Alonso believes he would have been close to pole position for...
1d ago from Racer.com

Ed Carpenter: “It was actually a better run than I...

The American will start in the middle of the front row after setting a...

Popular On TotalWRC.com

Ogier highlights Tänak spur

Portugal winner recognises team-mates’ support
1d ago from WRC.com

Ogier Cruises to Record Equalling Rally Portugal...

The championship leader cruised through the final day to take a record...

Meeke: More work to do

Citroën driver looks for improvement
43m ago from WRC.com

BREAKING NEWS: Ogier nets fifth Portugal win

Frenchman increases championship lead
2d ago from WRC.com

Popular On GunnersToday.com

Transfer Rater: Bakayoko to Chelsea, Onyekuru to...

The latest transfer rumours from around the world. Things change in the...
1h ago from ESPNFC.co.uk

Manchester United 'open to Chris Smalling offers'

Manchester United are reportedly willing to listen to offers for...
33m ago from SportsMole.co.uk

Wenger Wants 'One Or Two Top Quality' Signings At...

Arsene Wenger says he wants to sign 'one or two top quality'...
1d ago from AllArsenal.com

Arsenal not making Champions League is 'massive' -...

Arsenal missing out on Champions League is a 'massive disappointment' for...
1d ago from DailyMail.co.uk

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.