News Details
Maldonado paid $25m to leave Williams
A $25 million termination payment from Pastor Maldonado's sponsor helped Williams to drive back into profit.
The publicly-listed British team released its 2013 financial results on Friday, showing a $20m operating profit despite a poor season on track.
The Telegraph newspaper said the result was helped by a one-off termination payment made by the Venezuelan oil company PDVSA, who wanted to move their backing of driver Maldonado to the Lotus team for 2014.
The report said the payment "is believed to be in the region of $25m", in the wake of a more than $8 million loss recorded by Williams just a year ago.
"We made good progress commercially through the winter months and...
Full Story »
Full Story »
11y ago from GrandPrix.com
0
You May Also Be Interested In...
Williams drives back into the black
Formula One team Williams returned to profit last year, despite a poor...
11y ago from SuperSport.com
Interview with Lotus' Pastor Maldonado
– Lotus driver Pastor Maldonado looks ahead to the Spanish Grand...
11y ago from GPUpdate.net
Maldonado targeting top five in Spain
Pastor Maldonado believes he can score a top five finish for Lotus in the...
11y ago from Crash.net
Maldonado: Top five possible in Barcelona
– Pastor Maldonado believes he will be able to get a top-five...
11y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Brake problems again behind lack of pace for Francesco...
No description available...
2h ago from Motorsport.com
Pedro Acosta buoyed by KTM turnaround in MotoGP 2025...
No description available...
3h ago from Motorsport.com
Marc Marquez only cares about MotoGP title and not...
No description available...
4h ago from Motorsport.com
Aprilia 'feels like home' despite contract standoff,...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward, Arrow McLaren score strategic win in...
No description available...
46m ago from Motorsport.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
1h ago from MotorsportWeek.c...
Pato O’Ward muscles his way to IndyCar victory in...
During IndyCar’s yearly visit north of the border in Canada, the series...
1h ago from MotorsportWeek.c...
Santino Ferrucci out of Toronto IndyCar race after...
No description available...
5h ago from Motorsport.com
Popular On TotalWRC.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
2h ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
7h ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
3h ago from Motorsport.com
WRC Rally Estonia: Oliver Solberg dominates in shock...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
'We have a great chance of winning a trophy' - Arsenal...
Arsenal defender Gabriel Magalhaes has claimed that the Gunners have a...
2h ago from SportsKeeda.com
Gabriel Magalhaes makes claim about Victor Gyokeres...
Arsenal defender Gabriel Magalhaes has heaped praise on Viktor Gyokeres...
2h ago from SportsKeeda.com
Manchester United have added player previously linked...
Manchester United have reportedly added Arsenal-linked forward Benjamin...
3h ago from SportsKeeda.com
Fabrizio Romano says Man Utd ‘will surely'...
Fabrizio Romano has confirmed that Benjamin Sesko's name continues to be...
4h ago from CaughtOffside.com
Comments
Hottest News
Jonathan Wheatley reveals moment that triggered Red Bull...
Sauber Team Principal Jonathan Wheatley has... Read More »
6h ago from MotorsportWeek.com
Is Lewis Hamilton 'bigger' than Ferrari?
Lewis Hamilton and Ferrari. Two of the biggest... Read More »
1h ago from GPFans.com
The Ferrari traits behind Lewis Hamilton's ongoing F1...
Sky Sports Italy expert Matteo Bobbi has detailed... Read More »
2h ago from RacingNews365.com