{"id":18208,"date":"2013-05-03T07:08:55","date_gmt":"2013-05-03T11:08:55","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=18208"},"modified":"2013-05-03T07:08:55","modified_gmt":"2013-05-03T11:08:55","slug":"williams-clarifies-reports-of-financial-loss","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/williams-clarifies-reports-of-financial-loss\/","title":{"rendered":"Williams clarifies reports of financial loss"},"content":{"rendered":"<p>Williams has played down reports it suffered a financial loss last year, insisting instead that it is gearing up to expand.<\/p>\n<p><img loading=\"lazy\" class=\"ngg-singlepic ngg-left alignleft\" style=\"border: 1px solid black; margin: 5px 10px;\" alt=\"Williams-F1\" src=\"https:\/\/www.racinginfocus.com\/rif\/gallery\/f1-2012-rif-images\/f1-12-logos\/Williams-F1.jpg\" width=\"216\" height=\"86\" \/>Listed on the Frankfurt stock exchange, the British team this week revealed a pre-tax loss of almost $8 million last year, having turned a profit in 2011.<\/p>\n<p>But spokesman James Francis said the financial report could not include almost $15 million in formula one income.<\/p>\n<p>&#8220;If that figure had been included we would have turned a loss into a profit,&#8221; he told the Oxford Mail.<\/p>\n<p>&#8220;It would have been a smaller profit (than 2011), but a lot of investment has happened.&#8221;<\/p>\n<p>The Williams spokesman said building work on a new research and development department is still scheduled to start.<\/p>\n<p>The team is yet to score a point in 2013.<\/p>\n<p>&#8220;There is still a way to go for the team to get to where we should be,&#8221; said Sir Frank Williams, &#8220;but improvements on previous seasons are evident.&#8221;<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Williams has played down reports it suffered a financial loss last year, insisting instead that it is gearing up to expand. Listed on the Frankfurt stock exchange, the British team this week revealed a pre-tax loss of almost $8 million last year, having turned a profit in 2011. But spokesman James Francis said the financial &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[5262,5340,4413,541,595],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/18208"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=18208"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/18208\/revisions"}],"predecessor-version":[{"id":18209,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/18208\/revisions\/18209"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=18208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=18208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=18208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}