F1 » Williams F1 owed £10m by collapsed Icelandic bank


It has emerged that independent F1 outfit Williams is still owed £10 million in unpaid sponsorship as a result of the spectacular collapse of the Icelandic banking sector

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stumacher

December 22, 2009 11:53 AM

So where do Williams stand in the queue of creditors? Personally, I hope unpaid sponsorship money to a commercial enterprise in a multi-million pound industry isn't given a higher priority than money owed to personal investors with their life's savings to lose.

richard

December 22, 2009 3:35 PM

johnson, please read the story! the sponsor was hamleys, and the bank is mentioned, along with its link, through ownership of hamleys. but as the icelandic banks collapsed a long time ago, the money is probably overdue money.

JohnsonsEvilTwin

December 22, 2009 3:51 PM

Richard

I have you to read the story for me! lol
Besides, all this talk of money being owed does make you wonder why Uncle Frank was yelping loudest for the Budget caps! He also sold some of his team to an Austrian company a few weeks back....No longer 100% independants then :rolleyes:

Greg Watkins - Unregistered

December 23, 2009 11:00 AM

It is sad to see F1 descend into criminal realms, when it has long been the last bastion of decency and honour in sport and business.
Let's hope that drivers (other than Piquet Jnr.) can maintain their integrity.
Greg Watkins

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