Maldonado is believed to 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.

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2 comentarii

  1. Post By Nondi Ploom

    “. . . illiams continues to attract an enthusiastic and very loyal group of partners and fans,” team boss Sir Frank Williams said . . . ”
    . . . but apparently the drivers’ sponsors aren’t very loyal, eh Frank?

  2. Post By GoldStandard

    A $25 million gamble on switching teams.
    …. He must be so sick!

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