News Detail

Loss of $88 million for Williams

Indexed: Tue Sep 30, 2008 @ 07:00:24PM 3 months 1 week ago

The combined loss of the Williams team in 2006 and 2007 was $88 million. The team has increased bank borrowings and this after they presented a strong long-term business plan. According to auditor Grant Thornton "there is a reasonable expectation that Williams has adequate resources to continue operating for the foreseeable future."

Discuss

Tell A Friend

275 Views

Full Story >>

Source: F1Technical.net - http://www.f1technical.net/news/10638
Tags (beta): williams, loss, team, operating, continue, long, 2007, million, term, strong

Recent Related News (beta)	Recent News From F1Technical.net
New title loss could have damaged Hamilton says Schumacher Schumacher: "Title loss would have damaged Hamilton's reputation" Heikki Kovalainen on high seas Ecclestone: Button should take a sabbatical Cost cutting measures benefit independant teams - Horner	Possible Ferrari engine deal for Honda F1 team Brundle steps down as driver manager Modifications to be made at Marina Bay Circuit Cost cutting measures benefit independant teams - Horner Future GP in Rome? More...

Comments

There are no comments yet for this article, be the first to leave a comment!

Please login below or register to leave a comment...

Enter your username & password to login.

* Cookies must be enabled on your browser.

The Weekly Wrap

F1-nancial Crisis - December 23, 2008

Honda's quitting F1, and uncertainty hovers over the sport as a whole. Perhaps those least affected by the economy of today can help out...
[ Full Article ] [ Past Articles ] [