{"id":21788,"date":"2014-05-03T07:07:45","date_gmt":"2014-05-03T11:07:45","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=21788"},"modified":"2014-05-03T07:07:45","modified_gmt":"2014-05-03T11:07:45","slug":"maldonado-paid-25m-to-leave-williams-report","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/maldonado-paid-25m-to-leave-williams-report\/","title":{"rendered":"Maldonado paid $25m to leave Williams &#8211; report"},"content":{"rendered":"<p>A $25 million termination payment from Pastor Maldonado&#8217;s sponsor helped Williams to drive back into profit.<\/p>\n<p><img loading=\"lazy\" class=\"ngg-singlepic ngg-left alignleft\" src=\"https:\/\/www.racinginfocus.com\/rif\/gallery\/f1-2014-rif-images\/f1-2014-drivers\/Pastor-Maldonado-5.jpg\" alt=\"Pastor-Maldonado-5\" width=\"442\" height=\"294\" \/>The publicly-listed British team released its 2013 financial results on Friday, showing a $20m operating profit despite a poor season on track.<\/p>\n<p>The Telegraph newspaper said the result was helped by a one-off termination payment made by the Venezuelan oil company PDVSA, who wanted to move their backing of driver Maldonado to the Lotus team for 2014.<\/p>\n<p>The report said the payment &#8220;is believed to be in the region of $25m&#8221;, in the wake of a more than $8 million loss recorded by Williams just a year ago.<\/p>\n<p>&#8220;We made good progress commercially through the winter months and Williams continues to attract an enthusiastic and very loyal group of partners and fans,&#8221; team boss Sir Frank Williams said in Friday&#8217;s statement.<\/p>\n<p>&#8220;These annual results demonstrate that we continue to manage our business in a fiscally responsible way and provide the foundation from which we can continue to grow.<\/p>\n<p>&#8220;We have started the 2014 formula one season well and hope we can continue to improve our performance,&#8221; he added.<\/p>\n<p><em>\u00a9 RIF | GMM<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $25 million termination payment from Pastor Maldonado&#8217;s sponsor helped Williams to drive back into profit. The publicly-listed British team released its 2013 financial results on Friday, showing a $20m operating profit despite a poor season on track. The Telegraph newspaper said the result was helped by a one-off termination payment made by the Venezuelan &#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":[5262,5340,306,1842,1844,541,595],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/21788"}],"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=21788"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/21788\/revisions"}],"predecessor-version":[{"id":21789,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/21788\/revisions\/21789"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=21788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=21788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=21788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}