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
How MotoGP’s energy drink landscape could shift
No description available...
3h ago from Motorsport.com
Keeping Fabio di Giannantonio at VR46 'Plan A', admits...
No description available...
2h ago from Motorsport.com
CFMoto ‘fully committed’ to supporting potential...
CFMoto Aspar team boss Jorge Martinez says the Chinese manufacturer is...
1h ago from MotorsportWeek.c...
Manufacturers stand up to Liberty in Jerez as MotoGP...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher shares injury update after breaking...
No description available...
1h ago from Motorsport.com
Rookie Caio Collet fastest in two-day Indy 500 open...
The NTT IndyCar Series held its traditional two-day open test for the...
17h ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
22h ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
1d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
1d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Update: Man Utd could use Sir Alex Ferguson to beat...
Manchester United are reportedly considering using their legendary former...
1h ago from CaughtOffside.com
Paul Merson predicts Manchester United vs Liverpool...
I went to the Premier League game at the Emirates last weekend and I could...
38m ago from SportsKeeda.com
Arsenal summoning warrior spirit in fight against...
Diego Simeone's tactical changes helped Atletico Madrid wrestle back...
2h ago from SkySports.com
Arteta will seek to use perceived injustices as...
ager may have sought an edge with his fume after first-leg draw but...
2h ago from TheGuardian.com
Comments
Hottest News
World champion sprinter sues Mercedes F1 team: 'Unsafe,...
A world champion runner has begun legal action... Read More »
4h ago from GPFans.com
Colton Herta says Cadillac need to see value in his FP1...
Colton Herta, Cadillac Formula 1 Team's test... Read More »
38m ago from GrandPrix247.com
Ferrari make 'heads down' vow after F1 spring break study...
Fred Vasseur wants Ferrari to remain focused on... Read More »
38m ago from RacingNews365.com
