Williams reveals ‘one-off’ Ecclestone payment

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.


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