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
Marc Marquez pinpoints key weakness after Jerez MotoGP...
No description available...
18h ago from Motorsport.com
Uccio Salucci: 'VR46 is the top Ducati team right now'
No description available...
20h ago from Motorsport.com
Pramac MotoGP boss: 'Why do people think Yamaha isn't...
No description available...
23h ago from Motorsport.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rookies take on Indianapolis in open test, Newgarden...
No description available...
12h ago from Motorsport.com
All drivers clear Indy 500 Rookie Orientation...
IndyCar’s two-day test session for the Indianapolis 500 got underway...
13h ago from MotorsportWeek.c...
Arrow McLaren has "no fear" in running all...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
2d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
1d ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
2d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Sources: Mikel Arteta going all-in on left-back making...
Arsenal appear to be moving early in their search for defensive...
38m ago from CaughtOffside.com
It's all about Atletico …
Morning all. After an epic Champions League semi-final last night, it's...
1h ago from Arseblog.com
Erling Haaland appears to aim subtle dig at Arsenal...
Manchester City striker Erling Haaland has sparked a social media frenzy...
9h ago from CaughtOffside.com
PSG 5-4 Bayern was the game of the season, but Arsenal...
PSG's 5-4 win over Bayern Munich on Tuesday night was undoubtedly one of...
10h ago from CaughtOffside.com
Comments
Hottest News
Miami GP F1 trial poses threat to Lewis Hamilton's Ferrari...
An FIA trial at the upcoming Miami Grand Prix... Read More »
38m ago from GPFans.com
Max Verstappen makes remarkable Lambiase statement: 'I...
Max Verstappen has revealed what he couldn't tell... Read More »
1h ago from GPFans.com
Oscar Piastri reveals repercussions of ‘nasty'...
Oscar Piastri has revealed the repercussions he... Read More »
48m ago from MotorsportWeek.com





























