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
Luca Marini has “really high expectations” from...
No description available...
1h ago from Motorsport.com
How far has Francesco Bagnaia fallen behind compared...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar’s Toronto race shifted to new venue for 2026
IndyCar’s yearly visit north of the border to Canada will be held at a...
42m ago from MotorsportWeek.c...
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
16h ago from MotorsportWeek.c...
Will Power released after 17 years with Team Penske
Team Penske has parted ways with veteran IndyCar driver Will Power, the...
1d ago from MotorsportWeek.c...
Rinus VeeKay won't return to Dale Coyne Racing in 2026
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
2d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
2d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
“It just didn’t make any sense” - Craig Burley...
Former Chelsea midfielder Craig Burley has criticised Arsenal for not...
4h ago from SportsKeeda.com
“It’s easy to criticise if you’re not on the...
Viktor Gyokeres has shared his thoughts on Freddie Ljungberg's criticism...
5h ago from SportsKeeda.com
Nottingham Forest secure late loan move for Zinchenko
Nottingham Forest have pulled off a late Deadline Day loan move for...
6h ago from SkySports.com
Comments
Hottest News
McLaren issue Mercedes twist after confirming blame for...
McLaren have issued an update on the incident... Read More »
6h ago from GPFans.com
F1 championship-winning engineer to leave Ferrari - report
Jock Clear is reportedly leaving Ferrari after 10... Read More »
4h ago from RacingNews365.com
Ferrari boost F1 technical team with key signing
Ferrari has made a key signing to help boost its... Read More »
2h ago from RacingNews365.com
