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
Honda tops MotoGP’s Sepang Shakedown as Aleix...
No description available...
20h ago from Motorsport.com
How Alex Marquez overcame MotoGP doubts to finish...
Alex Marquez has revealed he previously questioned his ability to compete...
16h ago from MotorsportWeek.c...
Gresini Ducati launches 2026 MotoGP livery
Gresini Ducati has unveiled its 2026 MotoGP livery at its official team...
18h ago from MotorsportWeek.c...
Gresini unveils 2026 livery as Alex Marquez secures...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power: Andretti “will be the best team in the...
No description available...
17h ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
1d ago from Motorsport.com
Cindric returns to Team Penske for 2026 as...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
2d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
5d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal explore swap deal opportunity in...
Arsenal’s long-term attacking plans may be heading towards a crucial...
35m ago from CaughtOffside.com
Mikel Arteta provides Bukayo Saka injury update after...
Arsenal manager Mikel Arteta has spoken about the injury to Bukayo Saka...
1h ago from SportsKeeda.com
Arsenal board issue brutal ultimatum to Arteta after...
Arsenal manager Mikel Arteta is reportedly under pressure from the club...
22h ago from CaughtOffside.com
Player ratings: Leeds 0-4 Arsenal
Arsenal got back to winning ways in emphatic fashion with a 4-0 thrashing...
9h ago from FreshArsenal.com
Comments
Hottest News
Lewis Hamilton issues Ferrari firm instruction after 'no...
Lewis Hamilton set the fastest time in the... Read More »
45m ago from RacingNews365.com
Oscar Piastri highlights 'different priorities' as McLaren...
Among the teams expecting to be in title... Read More »
1h ago from RacingNews365.com
Arvid Lindblad admits he doesn't know if he is ready for...
Racing Bulls driver and 2026 Formula 1 rookie... Read More »
25m ago from GrandPrix247.com
