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...
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