Williams posts impressive financial results for 2013

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Williams has recorded a 25% increase in income in 2013 as the team continues to bounce back from a difficult few years towards the back of the grid.

Despite its on-track fortunes hitting a new low last season as Valtteri Bottas and Pastor Maldonado could muster just five points in 20 races, off-track financial figures were very impressive as the group’s revenue increased by some $43m to $223m.

Much of this increase was stimulated by “a special non-recurring sponsorship payment” – big-bucks oil giant PDVSA’s pay-out in order to end its sponsorship deal early and move with Venezuelan driver Pastor Maldonado to Lotus for 2014.

However, the team’s fortunes have also been aided by an improvement on-track at the beginning of the new season, with Felipe Massa and Valtteri Bottas both scoring some good points in the first four races. Furthermore, the arrival of Martini as a new title sponsor has aided any financial qualms that there may have been, as well as rejuvenating the image of the British outfit.

“Although 2013 was a difficult season for the team on the race track, we report these full year results at a time of much optimism for the Williams Group,” founder Sir Frank Williams said. “We have started the 2014 Formula 1 season well and hope we can continue to improve our performance.

“We made good progress commercially through the winter months and Williams continues to attract an enthusiastic and very loyal group of partners and fans. 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.”

The team has confirmed that its operations in Qatar have now closed, with the staff who had been working in the Middle East returning back to the UK.

Williams has an important place in the history of Formula 1, and from the neutral angle, it was rather heartbreaking to see it struggle so greatly last season. However, the sun certainly appears to be shining at Grove now, and one can only hope that this continues into the future.

MRTI: pre-season testing Day 3 notebook

Photo: Indianapolis Motor Speedway, LLC Photography
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Day 3 of pre-season testing at Homestead-Miami Speedway saw the Pro Mazda Championship Presented by Cooper Tires and the Cooper Tires USF2000 Championship Powered by Mazda continue testing for the second day in a row, with each series completing three sessions on what was their final day of running.

Quick reports on both series are below.

Pro Mazda: Cunha Surges to the Front

While Saturday saw Pro Mazda newcomers like Oliver Askew, Parker Thompson, and Rinus VeeKey lead the way, Sunday saw a pair of second-year Pro Mazda drivers take their turns at the top of the speed charts. In the combined results, Juncos Racing’s Carlos Cunha turned the fastest lap of the final session, also good enough to be the outright fastest lap of the weekend, taking advantage of a fresh set of Cooper Tires to do so.

“I’m really happy, Juncos Racing is an amazing team,” Cunha said of the team’s performance. “On track, we are always improving, never going backwards and that’s very good. We have tested a lot but we still need to learn a lot about the car, though we are almost to a perfect setup. The team has given me everything I need to be comfortable inside the car, to know what the car needs, and to know what I need to be a better driver. We have time to improve and we are moving forward quickly.”

Fellow sophomore driver Sting Ray Robb, now with Team Pelfrey, was right behind Cunha in second.

Combined results across both Saturday and Sunday can be found here.

USF2000: Kirkwood, Cape Motorsports Stay On Top of Deep USF2000 Field

New Cape Motorsports driver Kyle Kirkwood, who topped Session 2 on Saturday, stayed on top of the combined speed charts across the weekend on the strength of his best lap from Session 3 of the weekend on Saturday.

Pabst Racing’s Rasmus Lindh was right behind Kirkwood, on the strength of his quick lap from Session 1.

However, Sunday’s running saw a different driver assert his authority, with Kaylen Frederick, Lindh’s teammate at Pabst, turning the fastest lap during the final session.

Frederick ended up fourth in the combined results, which can be viewed here.

The Indy Lights Presented by Cooper Tires will take to the Homestead-Miami road course on Monday for the final day of testing for the Mazda Road to Indy.

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