News Details
Maldonado paid Williams $25 million to end contract
Pastor Maldonado A $25 million contract termination payment from Pastor Maldonado's sponsor PDVSA 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...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Maldonado paid $25m to leave Williams
A $25 million termination payment from Pastor Maldonado's sponsor helped...
10y ago from GrandPrix.com
Williams drives back into the black
Formula One team Williams returned to profit last year, despite a poor...
10y ago from SuperSport.com
Investigator questions Ecclestone's blackmail claims
A German investigator cast doubt on the credibility of Bernie...
10y ago from F1Pulse.com
Williams increases income by 25%
Williams Grand Prix Holdings PLC (WGPH) has announced its financial...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP opens ticket sales for Barcelona GP with...
No description available...
4h ago from Motorsport.com
Pirro to ride Di Giannantonio's Ducati in Barcelona GP...
No description available...
22h ago from Motorsport.com
How costly have sprint mistakes been in Bagnaia’s...
No description available...
1d ago from Motorsport.com
A MotoGP title decided by sprint races: Bagnaia's...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Shwartzman makes IndyCar switch with Prema for 2025
No description available...
1d ago from Motorsport.com
Robert Shwartzman announced for PREMA’s second...
PREMA has announced that Robert Shwartzman will pilot one of the two cars...
1d ago from MotorsportWeek.c...
Enzo Fittipaldi to run IndyCar test with McLaren later...
Arrow McLaren has announced that it will place Enzo Fittipaldi in one of...
5d ago from MotorsportWeek.c...
Enzo Fittipaldi to test with Arrow McLaren this month
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
WRC champion Rovanpera tests Red Bull F1 car
No description available...
20h ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
22h ago from Motorsport.com
A Farewell Message from The Checkered Flag
After 15 years of motorsport coverage, TheCheckeredFlag.co.uk announces...
6d ago from TheCheckeredFlag...
Popular On GunnersToday.com
Episode 806 – Change the dynamic
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
38m ago from Arseblog.com
“Arsenal would be a totally different team” -...
No description available...
1h ago from SportsKeeda.com
WATCH: Aston Villa defender Tyrone Mings concedes...
No description available...
1h ago from SportsKeeda.com
“You learn from the best” - Ex-Arsenal captain...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Williams issue official statement over Sainz to Red Bull...
Williams Formula 1 team have issued an official... Read More »
5h ago from GPFans.com
Mercedes reveal MAJOR clue over shock F1 2025 driver signing
Mercedes have dropped a major clue over a shock... Read More »
1h ago from GPFans.com
F1 News Today: McLaren issue OFFICIAL driver exit statement...
McLaren have announced the exit of one of their... Read More »
1h ago from GPFans.com
