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 »
11y 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...
11y ago from GrandPrix.com
Williams drives back into the black
Formula One team Williams returned to profit last year, despite a poor...
11y ago from SuperSport.com
Investigator questions Ecclestone's blackmail claims
A German investigator cast doubt on the credibility of Bernie...
11y ago from F1Pulse.com
Williams increases income by 25%
Williams Grand Prix Holdings PLC (WGPH) has announced its financial...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
BMW admits 2027 MotoGP entry “not viable” as it...
No description available...
11h ago from Motorsport.com
Why 2026 is the right time for Ducati to field six...
No description available...
1d ago from Motorsport.com
Fabio Quartararo pushes for Yamaha V4, blames gap to...
No description available...
1d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Nolan Siegel predicts new Arrow McLaren shop will...
Arrow McLaren recently announced details for its new IndyCar race shop,...
1d ago from MotorsportWeek.c...
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
3d ago from MotorsportWeek.c...
Alex Palou claims FOX’s investment will be...
No description available...
3d ago from Motorsport.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
3d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
5d ago from MotorsportWeek.c...
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
4d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
‘Where I feel at home’: Ethan Nwaneri signs new...
t;li>Forward, 18, agrees five-year contract‘I see this as my first...
4h ago from TheGuardian.com
Official: Important Arsenal deal confirmed –...
Arsenal's new contract for young attacking midfielder Ethan Nwaneri has...
6h ago from CaughtOffside.com
Nwaneri signs new Arsenal deal
Ethan Nwaneri has signed a new long-term contract with Arsenal.
6h ago from SkySports.com
Al-Nassr open talks to sign Arsenal target as they...
Al-Nassr have reportedly initiated talks to sign Arsenal target Kingsley...
8h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton highly-anticipated announcement drops
Lewis Hamilton teased it on July 28, and now the... Read More »
8h ago from RacingNews365.com
Charles Leclerc reveals what he REALLY thinks about F1...
Ferrari F1 star Charles Leclerc has revealed what... Read More »
26m ago from GPFans.com
George Russell in demand as TWO teams look to pry F1 star...
George Russell's services are in demand by at... Read More »
4h ago from GPFans.com
