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Williams reveals 'one-off' Ecclestone payment

  • Published on 11 Sep 2012 09:42
  • comments 0
  • By: Rob Veenstra
Williams has provided an interesting insight into the sport's Concorde Agreement negotiations so far. Most teams have now signed up with Bernie Ecclestone for 2013 and beyond; the exceptions being Mercedes, Marussia and HRT.

Because Williams is listed on the Frankfurt stock exchange, it must publicly publish its financial results. The Oxfordshire based team's latest figures show a 57 per cent turnover increase, with net profit up several million pounds. "The notable increases ... are largely due to our diversification strategy as well as the recent receipt of a one-off payment following a new commercial agreement for our continued commitment to formula one," Williams said in a statement. (GMM)

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