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
Marco Bezzecchi silences critics to win dramatic...
No description available...
7h ago from Motorsport.com
Ducati's four-year MotoGP podium streak ends in...
No description available...
20h ago from Motorsport.com
Marc Marquez on Thai GP puncture: 'It was like I hit a...
No description available...
18h ago from Motorsport.com
Ai Ogura rues missed chance at Thai GP: 'I'm surprised...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher's IndyCar debut ends in Lap 1 crash
No description available...
11h ago from Motorsport.com
How Mick Schumacher's IndyCar debut ended in messy Lap...
No description available...
9h ago from Motorsport.com
Christian Lundgaard leads Arrow McLaren effort with...
No description available...
8h ago from Motorsport.com
Alex Palou wins season opener with largest St. Pete...
No description available...
10h ago from Motorsport.com
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
3d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
“What an idiot” - Ex-Chelsea star slams Pedro Neto...
Former Chelsea star Chris Sutton has slammed Pedro Neto following his red...
55m ago from SportsKeeda.com
“You are putting everybody in danger” - Frank...
Former France defender Frank Leboeuf has called out Chelsea goalkeeper...
35m ago from SportsKeeda.com
Arsenal 2-1 Chelsea highlights & rate the players
No description available...
8h ago from SkySports.com
Nev: Arsenal face '10 more weeks of pain - but they...
Gary Neville thinks Arsenal will still edge Manchester City to the Premier...
8h ago from SkySports.com
Comments
Hottest News
Oscar Piastri victim of 'small differences' collapse in F1...
Oscar Piastri lost control of the F1 title race... Read More »
45m ago from RacingNews365.com
2026 F1 Australian Grand Prix - Time Schedule
Don't miss any of the action and check out all... Read More »
1h ago from RacingNews365.com
‘Safe' tip for 2026 champion is Russell – Hadjar
Mar.2 The FIA has officially confirmed that new... Read More »
5m ago from OneStopStrategy.com
