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Williams posts a loss of £34.5m for 2014
Williams Grand Prix Holdings has reported a loss of £34.5m for 2014 – but the company insists that this year will see a much better financial performance. Revenues were down from £130.4m to £90.2m, but the much better results achieved on track last year will be reflected in more money coming in this season from both sponsors and commercial rights income. In 2013 the group made a profit of £11.9m – when results were boosted by a significant extra payment related to the departure of PDVSA and Pastor Maldonado to Lotus. Better form, more costs In a statement the company noted: “In 2013, following a number of years of deteriorating performance, Williams embarked on a turnaround...
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10y ago from Motorsport.com
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