Williams reveals 'one-off' Ecclestone payment

Bernie Ecclestone and Frank Williams
Bernie Ecclestone and Frank Williams

Photo by: Brousseau Photo

Sep.11 (GMM) 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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About this article
Series Formula 1
Drivers Frank Williams , Bernie Ecclestone
Teams Mercedes , Williams
Article type Breaking news
Tags ecclestone, williams