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.
Source:GMM
