Last season the Williams obtained a total of 28 points thanks to the performances of Alex Albon and Logan Sargeant, which allowed the historic English team to finish in seventh position in the Manufacturers’ championship ahead of AlphaTauri, Alfa Romeo and Haas. However, despite this progress on the track, the Grove house also recorded a loss equivalent to £84 million.
According to what emerged from the financial statements of the Williams Grand Prix Engineering group last year, the turnover decreasedwhile the profits increased. Despite this, Williams herself stated that the trend is in line with expectationshaving invested in upgrading its facilities to match the standards of its rivals.
Going into more detail, last year Williams lost 84.2 million pounds, compared to 17.9 in 2022. At the same time the revenues decreasedgoing from £142.8 million to £127 million, as revenue is linked to performances in the 2022 championship, when the team finished in tenth and last place.
“Although losses increased compared to 2022, this is in line with expectations and the company’s strategy to continue to invest in all areas of the business to improve on-track and commercial performance, in pursuit of success in medium and long term – the team declared in a press release – revenues were lower in 2023 due to lower commercial rights revenue associated with tenth place in the 2022 constructors’ championship. The strong improvement in on-track performance in 2023 is the result of continued investment in infrastructure, transformations and personnel since 2020 (year in which the team was acquired by Dorilton Capital, ed.). The team’s long-term goal remains to return to the top of the grid through continued investment in the development of world-leading technologies and people.”. In conclusion, the £67.3 million asset allows the team “a solid financial base on which to continue the team’s long-term strategy of returning to the front of the grid and being financially sustainable.”
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