Williams reveals 'one-off' Ecclestone payment

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 Wil...

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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Leopold

Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.

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