News Details
Williams posts £84 million loss for 2023 as investments increase
© XPB Phillip van Osten
04/10/2024 at 14:2304/10/2024 at 13:45 Williams Racing accumulated a significant loss in its fiscal year 2023 as the F1 team continued to invest in all areas of its business to drive on-track performance. The British outfit, owned by US private equity firm Dorilton Capital since 2020, saw its revenue fall from £142.8m in 2022 to £127m ($167 million) last year. The decline was directly linked to Williams’ poor sporting performance in the 2022 season, where the team finished last in F1’s Constructors' standings. While the team’s revenue decreased, its expenses skyrocketed, leading to a substantial loss of £84 million – a seemingly alarming...
Full Story »
Full Story »
You May Also Be Interested In...
Red Bull sees F1 team revenue increase to £307...
Red Bull has recorded a revenue increase in its Formula 1 team for the...
2mo ago from MotorsportWeek.com
Carlos Sainz willing to accept Ferrari team orders to...
Carlos Sainz has revealed that he would be willing to accept Ferrari team...
2mo ago from MotorsportWeek.com
Hamilton reins in Singapore criticism: ‘Things are...
©Mercedes Phillip van Osten
29/09/2024 at 09:1129/09/2024 at 09:24 All is...
2mo ago from F1i.com
Claire Williams explains tumultuous road to F1 team...
Claire Williams explained that financial misfortune during the...
2mo ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
EU investigation delays Liberty Media's MotoGP...
The European Union has launched an investigation into Liberty Media's...
16h ago from MotorsportWeek.c...
Fernandez “angry” after 2024 season but vows to be...
No description available...
17h ago from Motorsport.com
Creditors put pressure on KTM to withdraw from MotoGP
No description available...
1d ago from Motorsport.com
Renewable fuels in MotoGP & WorldSBK: Challenge and...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fading financial support pushes rising star...
No description available...
1d ago from Motorsport.com
Sophia Floersch signs with HMD Motorsports for 2025...
No description available...
2d ago from Motorsport.com
Keeping Indy tradition in the wake of disaster
No description available...
2d ago from Motorsport.com
IndyCar announces FOX broadcast times for 2025 season
The NTT IndyCar Series and FOX Sports have released the US broadcast...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dacia cools Dakar expectations after debut 1-2 at...
No description available...
14h ago from Motorsport.com
Motorsport.com's 10 brightest female stars of 2024
No description available...
1d ago from Motorsport.com
Hyundai announces WRC team reshuffle as programme...
No description available...
1d ago from Motorsport.com
Hyundai releases behind-the-scenes documentary on 2024...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Man United given Leroy Sane transfer answer...
Bayern Munich winger Leroy Sane confirms that he wants to stay at the...
6h ago from SportsMole.co.uk
“We are pretty worried” - Arsenal boss Mikel...
No description available...
5h ago from SportsKeeda.com
Crystal Palace 1-5 Arsenal: Premier League – live
t;li>Premier League updates from the 5.30pm GMT kick-off<a...
10h ago from TheGuardian.com
“Trying to shame all those who wrote him off”...
No description available...
6h ago from SportsKeeda.com
Comments
Hottest News
Ricciardo prompts FURY after controversial announcement
Axed Formula 1 star Daniel Ricciardo has come... Read More »
9h ago from GPFans.com
Ricciardo tipped for F1 COMEBACK as Ferrari tease huge...
Axed Formula 1 star Daniel Ricciardo has been... Read More »
7h ago from GPFans.com
Shock Hamilton contract revelation emerges as champion...
Lewis Hamilton is preparing to end a long-term... Read More »
10h ago from GPFans.com
