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 »
Full Story »
11y ago from GrandPrix.com
0
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
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
17h ago from Motorsport.com
Why KTM thinks it "hasn't done enough yet"...
No description available...
19h ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
21h ago from Motorsport.com
Pedro Acosta on MotoGP silly season rumours: “Those...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
D.C. race "would be massive opportunity for...
No description available...
13h ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
2d ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
2d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
15h ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
1d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
2d ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United star Lisandro Martinez rates...
Manchester United centre-back Lisandro Martinez has placed his compatriot...
1h ago from SportsKeeda.com
Havertz, Gyokeres score as Arsenal complete perfect CL...
Kai Havertz and Viktor Gyokeres both got on the scoresheet as Arsenal...
8h ago from SkySports.com
'He is absolutely garbage', 'He needs to go' - Fans...
Fans slammed the performance of midfielder Martin Odegaard in Arsenal's...
8h ago from SportsKeeda.com
'2026 and we are putting him there', 'Funniest guy' -...
Arsenal fans are unimpressed with manager Mikel Arteta’s decision to...
10h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Christian Horner cosies up with FIA as Lewis...
Christian Horner has been getting cosy with the... Read More »
45m ago from GPFans.com
F1: Shakedown Times: Day 3 (Wednesday)
Today's unofficial times from Barcelona. Read More »
12h ago from Pitpass.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 3
The third day of on-track action for F1 in 2026... Read More »
22h ago from RacingNews365.com



























