News Details
Williams reveals more than $50 million loss
The Grove based F1 squad Williams has revealed it recorded a more than $50 million loss in 2014. Williams, listed on the Frankfurt stock exchange, enjoyed a surge in performance last year following a long slump, but took a financial hit due to 'lower revenue and higher costs'. In a statement, Williams explained that it had embarked on a 'turnaround strategy' in 2013 'following a number of years of deteriorating performance'. 'Consequently, and as anticipated, 2014 was a year of transition,' the team admitted, due in part to lower income and sponsorship as a result of finishing a woeful ninth in the 2013 world championship. Higher costs, Williams added, were due to 'the introduction of the...
Full Story »
Full Story »
10y ago from ThisIsF1.com
0
You May Also Be Interested In...
Williams reveals over than $50 million loss
Williams has revealed it recorded a more than $50 million loss in 2014....
10y ago from GrandPrix247.com
Williams reports substantial loss for 2014
– Williams Grand Prix Holdings has reported a sizeable loss of...
10y ago from GPUpdate.net
Williams group posts £34.3m loss for 2014
Williams Grand Prix Holdings has announced a substantial £34.3m loss for...
10y ago from Crash.net
Williams reports £34.3m loss in 'year of transition'
Williams Grand Prix Holdings PLC today announced the Group's financial...
10y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin to stay with Aprilia’s MotoGP team...
No description available...
13h ago from Motorsport.com
Has Fabio Di Giannantonio set himself up for a...
No description available...
11h ago from Motorsport.com
Alex Marquez surprised by pace as he’s cleared to...
No description available...
12h ago from Motorsport.com
Fabio Di Giannantonio sets lap record to top second...
Fabio Di Giannantonio set a stunning lap to break the all-time lap record...
15h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Severe weather disrupts IndyCar practice from Iowa
A round of severe weather has delayed the first practice session for the...
9h ago from MotorsportWeek.c...
IndyCar cancels Friday practice at Iowa Speedway after...
No description available...
7h ago from Motorsport.com
Will Power’s contract decision on hold due to Team...
Will Power’s contract with Team Penske is up at the end of this season,...
12h ago from MotorsportWeek.c...
David Malukas braces for the “toughest weekend” of...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
William Sawalich wins ARCA West at Sonoma in surreal...
No description available...
4h ago from Motorsport.com
IndyCar cancels Friday practice at Iowa Speedway after...
No description available...
7h ago from Motorsport.com
Apple new frontrunner for F1 streaming rights over N...
No description available...
8h ago from Motorsport.com
Shane van Gisbergen rockets to NASCAR Xfinity pole at...
No description available...
7h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal close to Madueke deal after Chelsea give...
Chelsea have given Noni Madueke permission to leave their Club World Cup...
14h ago from SkySports.com
Exclusive: 'He only wants to play for Mikel Arteta'...
The deal for Viktor Gyokeres to Arsenal has NOT collapsed, despite the...
14h ago from CaughtOffside.com
'Little bit too obvious' – Collymore gives...
Arsenal have been busy in the transfer market in the last couple of weeks,...
15h ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Los Blancos want...
Real Madrid have been quite active in the transfer market this summer.
13h ago from SportsKeeda.com
Comments
Hottest News
Horner opens up about his shock exit from Red Bull
Having been ousted by Red Bull on Tuesday... Read More »
47m ago from F1Technical.net
Michael Schumacher Accident: What is His Current Condition?
Michael Schumacher, the seven-time Formula One... Read More »
4h ago from Formula1News.co.uk
Martin Brundle Breaks Silence on Christian Horner Being...
Martin Brundle has expressed his sadness and... Read More »
4h ago from Formula1News.co.uk
