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Williams posts profit in first half of 2017
The Williams Formula 1 team has made a profit of more than £10.4million during the first half of 2017, according to its latest financial results. Williams took a hit financially to improve its competitive standing in F1 in 2014, the team finishing third in the constructors' championship that season and in 2015 to help the outfit return to profitability. Despite finishing fifth in the constructors' championship last year, and subsequently taking a drop in prize money, Williams has been boosted by funding from Lance Stroll's billionaire father Lawrence and additional sponsors. The team's interim financial results show a pre-tax (EBITDA) profit of £10.1million for the F1 side of the business...
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7y ago from Motorsport.com
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