News Details

Maldonado paid $25m to leave Williams

A $25 million termination payment from Pastor Maldonado's sponsor 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 months and...
Full Story »
11y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Williams drives back into the black

Formula One team Williams returned to profit last year, despite a poor...
11y ago from SuperSport.com

Interview with Lotus' Pastor Maldonado

– Lotus driver Pastor Maldonado looks ahead to the Spanish Grand...
11y ago from GPUpdate.net

Maldonado targeting top five in Spain

Pastor Maldonado believes he can score a top five finish for Lotus in the...
11y ago from Crash.net

Maldonado: Top five possible in Barcelona

– Pastor Maldonado believes he will be able to get a top-five...
11y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

Can Aprilia dethrone Ducati in the 2026 MotoGP title...

The conclusion of the 2025 MotoGP season saw an unprecedented level of...
17h ago from MotorsportWeek.c...

Aprilia Racing presents 2026 MotoGP livery

Aprilia Racing kicked off 2026 by unveiling its newest MotoGP livery in...
20h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Long Beach to bring in new leadership for iconic event

Organizers of the annual Grand Prix of Long Beach event have announced...
12h ago from MotorsportWeek.c...

Pato O’Ward joined by F2 champion in McLaren F1...

McLaren has announced its driver development program lineup for 2026,...
14h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Competitive tension is no bad thing

Morning all, happy Friday to you. There's an early Mikel Arteta press...
1h ago from Arseblog.com

'I didn’t think he had it in him' - Jimmy Floyd...

Former Chelsea hitman Jimmy Floyd Hasselbaink has said that he had doubts...
12h ago from SportsKeeda.com

Berta eyes bold move, Arsenal poised to trump rivals...

Arsenal are very interested in signing the Rennes defender Jeremy Jacquet....
11h ago from CaughtOffside.com

Nottingham Forest vs Arsenal Prediction and Betting...

The Premier League is back in action with another round of matches this...
12h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.