News Details
Williams posts substantial 2014 losses
Williams Martini Racing Williams Grand Prix Holdings has announced that it reported sizeable losses in 2014 - though is adamant that matters will improve this year. Revenues fell from £130.4m to £90.2 between 2013 and 2014, which the team pins on a substantial one-off sponsorship payment in 2013, as well as the squad's lowly championship placing two years ago, when it was ninth. The squad is confident that its subsequent restructuring process - which led to a third place finish last year - means that its annual loss of £34.3m will be rectified next year. "The decision to invest in the team has been more than validated, with a third place finish in the 2014 Constructors'...
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