Williams has reported a rise in revenue for its Formula 1 team for 2017, aided by the deal brokered with Mercedes to release Valtteri Bottas from his contract at the start of last year. In its financial report published on Friday, Williams stated the revenue of its F1 team had risen to £125.6 million for 2017, up from £116.7m for the previous year. This was in part achieved by the deal agree with Mercedes to allow Bottas to leave Williams before the end of his contract following Nico Rosberg's shock decision to retire at the end of the 2016 season, with an agreement being struck in early 2017. While Williams had to pay an increased wage to the returning Felipe Massa, who had been due to...
Full Story »