News Details
Williams clarifies reports of financial loss
By Editor on Friday, May 3, 2013 Williams has played down reports it suffered a financial loss last year, insisting instead that it is gearing up to expand.
Listed on the Frankfurt stock exchange, the British team this week revealed a pre-tax loss of almost $8 million last year, having turned a profit in 2011.
But spokesman James Francis said the financial report could not include almost $15 million in Formula One income.
'If that figure had been included we would have turned a loss into a profit,' he told the Oxford Mail.
'It would have been a smaller profit (than 2011), but a lot of investment has happened.'
The Williams spokesman said building work on a new research and development...
Full Story »
Full Story »
12y ago from F1Zone.net
0
You May Also Be Interested In...
Williams records £5 million loss in 2012
The Williams Group recorded a £5 million loss in 2012, its latest...
12y ago from TheF1Times.com
Williams takes a loss in 2012
Formula 1 team Williams made a pre-tax loss of £5 million ($7.76...
12y ago from F1Pulse.com
Williams posts £5 million loss for 2012
Williams Grand Prix Holdings has posted a pre-tax loss of £5 million for...
12y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: Misano MotoGP victory was the...
Marc Marquez bounced back from his first MotoGP Sprint race retirement of...
18h ago from MotorsportWeek.c...
Pedro Acosta tops final in-season MotoGP test at Misano
No description available...
11h ago from Motorsport.com
Pedro Acosta tops final in-season MotoGP test in Misano
Factory KTM rider Pedro Acosta recovered from a disappointing San Marino...
11h ago from MotorsportWeek.c...
Fabio Quartararo feeling “worse” on Yamaha’s V4...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown addresses three areas IndyCar can improve
McLaren CEO Zak Brown penned an open letter on Monday outlining his...
6h ago from MotorsportWeek.c...
IndyCar confirms there will be no race in Mexico in...
No description available...
2d ago from Motorsport.com
IndyCar rules out Mexico City race for 2026
The NTT IndyCar Series has announced that Mexico City will not be...
2d ago from MotorsportWeek.c...
Robert Shwartzman refutes rumors about unhappiness in...
Robert Shwartzman has denied that he is unhappy in IndyCar after wrapping...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera: We need wins for WRC title chance...
No description available...
11h ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
18h ago from Motorsport.com
Oliver Solberg wants “full season in WRC” after...
No description available...
1d ago from Motorsport.com
WRC Rally Chile: Sebastien Ogier leads title race with...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arteta believes Arsenal are ‘good enough’ to end...
t;li>Club have spent £250m since last season’s semi-final...
8h ago from TheGuardian.com
'It's a bit of an advantage' -Athletic Club boss...
Athletic Club manager Ernesto Valverde has revealed that Mikel Merino and...
10h ago from SportsKeeda.com
Arsenal prepared to secure 2026 exit for first team...
Arsenal have struggled to offload players in recent years, so there will...
13h ago from CaughtOffside.com
Arsenal v Nottingham Forest: Premier League – live
t;li>Match at Emirates Stadium kicks off at 12.30pm (BST)<a...
2d ago from TheGuardian.com
Comments
Hottest News
DOUBLE driver exit announced ahead of Azerbaijan GP
With the 2025 Azerbaijan Grand Prix less than one... Read More »
21h ago from GPFans.com
Max Verstappen absence confirmed for next race
Four-time champion Max Verstappen will not be... Read More »
1d ago from GPFans.com
F1 stars have chance to break epic nine-year record at...
F1 returns to Baku this weekend for the 17th... Read More »
7h ago from GPFans.com
