Williams has played down reports it suffered a financial loss last year, insisting instead that it is gearing up to expand. Listed on the Frankfurt stock exchange, the British team this week revealed a pre-tax loss of almost $8 million last year, having turned a profit in 2011.
But spokesman James Francis said the financial report could not include almost $15 million in formula one income. "If that figure had been included we would have turned a loss into a profit," he told the Oxford Mail. "It would have been a smaller profit (than 2011), but a lot of investment has happened."
The Williams spokesman said building work on a new research and development department is still scheduled to start. The team is yet to score a point in 2013. "There is still a way to go for the team to get to where we should be," said Sir Frank Williams, "but improvements on previous seasons are evident." (GMM)
Williams clarifies reports of 8 million loss in 2012
- Published on 03 May 2013 11:09
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- By: Rob Veenstra
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Team profile
- Team name Williams
- Base Grove, Oxfordshire, United Kingdom
- Jacques Villeneuve 1
- Logan Sargeant 2
- Ayrton Senna 2
- Jacques Villeneuve 3
- Nicholas Latifi 6
- Jacques Villeneuve 6
- Nico Rosberg 7
- Nico Hülkenberg 10
- Nico Rosberg 10
- Jenson Button 10
- Pastor Maldonado 12
- Pastor Maldonado 16
- Nico Rosberg 16
- Nico Rosberg 16
- Valtteri Bottas 17
- Lance Stroll 18
- Pastor Maldonado 18
- Felipe Massa 19
- Alexander Albon 23
- Sergey Sirotkin 35
- Nyck de Vries 45
- Carlos Sainz jr 55
- George Russell 63
- Valtteri Bottas 77
- Robert Kubica 88
- 161,579 comments on Williams
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