F1 » Williams releases financial results


Williams Grand Prix Holdings announces its 2011 financial results

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Flyingacedude - Unregistered

March 09, 2012 10:43 AM

Williams, instead of treating F1 like a normal business maybe they should do a bit of business here and there to help the F1 team. I sense a complete lack of passion in the team, maybe its just because they have'nt had an interesting driver recently or made a decent car. Either way I think Renault/Senna was a good move for them.

richard

March 09, 2012 10:52 AM

when you hear of the profit being made, you should take into account the fact that maldonado paid $26m to the team for last years drive. so remove that, and williams are in very serious trouble. not that i want to see them fail. but you can understand why they want pay drivers!

dave - Unregistered

March 09, 2012 11:15 AM

I think that Frank has protected and preserved Williams' place on the grid through the years through continued fiscal responsibility. Others have come and gone, yet here they are with a much improved car and a bank account in the black. Other teams can only wish.
Pay drivers irk me a little, but every driver's worth is determined by ability and how much money they bring, or can generate, for the team. And after all, Williams did make an attempt to sign Kimi. Who else of quality and reputation was available?
I think having Frank and Patrick step away from the team will improve their business position, and I suspect the race team as well. They have been a bit stagnant in development but that seems to be changing. Here's hoping...

sodesu - Unregistered

March 09, 2012 12:38 PM

Also, remember that Maldonado is a GP2 champion. So pay driver or not, he is clearly not a bad driver by any means. He most certainly is the best pay driver you can find today and I think Bruno Senna is probably also a good compromise of sponsorship/marketability and driving skills. Could be a lot worse I reckon. Both drivers are certainly good enough to be in the mix if the car is up to the job. Anyway it's good to know the team is financially sound, there have been some concerns voiced lately but I guess they were incorrect. It has to be possible to run a profitable AND competitive privateer team, or else F1 as a whole would be in serious trouble.

Mansell - Unregistered

March 09, 2012 3:59 PM

15 years too late. Williams had to go this route 15 years ago but instead Frank was too full of himself first he let Adrian Newey go because Williams was too good for him and then reject many innovation partnerships. Sir Frank Williams built and destroyed Williams all by himself.

JJ - Unregistered

March 09, 2012 4:07 PM

I'm glad to see Williams in the black. Be it I really wish they got KR and dumped PM, but that is another point. I remember see a documentary on Williams back in 2003 and these #s show. FW knows the value of $, knows how to manage it and do it well. Sure PM and Senna pay to be there, but FW knows what he has to do to keep the team going. Everyone can point out the flaws of Williams with poor results last year and having 2 pay drivers, but at the end of the day, F1 is a balance between racing and business. Right now FW needs to get the $ first. Good job Williams, I hope you finish consistently in the top 10 and maybe steal a podium this year.

blzbub

March 10, 2012 8:14 AM

26 million from Maldonado, a change in the Venuzualan government could seriously compromise that income stream, and 14 million from Senna, for a small stake in the team (a team where faceless money men can get themselves a stake in the stock exchange) and 15 million they could have had Raikkonen and (in my opinion) better results.

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