Williams’ big financial losses will not affect 2015 development

Williams GP Holdings has posted a loss for the financial year 2014, of £34.5m, whilst the team lost around £42m. The group had delivered a profit just short of £12m in 2013, though this included the substantial severance payment from PDVSA as Pastor saw the greener pastures and headed off to Enstone. Both Pat Symonds … Read more

Daily #F1 News and Comment: Wednesday 19th February 2014

This page will be updated throughout the day. Please if you are on Twitter press the tweet button below. If you re-write and tweet individual story headlines don’t forget to include #F1. You may not realise how hugely important this is and has helped grow our community significantly Webbuary Williams finds more money (GMM) High … Read more

Daily #F1 News and Comment: Wednesday 10th July 2013

This page will be updated throughout the day GMT 11:35 11:52 12:45 13:39 14:19 14:54 15:26 17:30 18:27 Crack’s appearing in Ferrari’s unity TJ13 reported Alonso prior to the race in Germany informing the world that he didn’t work for Pirelli and as such would not be going to the Young Driver Test in Silverstone … Read more

Ecclestone, Parr and the “Night of the long knives”

A man speaks up

Remember back to the 3rd ever FOTA fans forum in Montreal 2011. Adam Parr, the then chairman of Williams, called for F1 to challenge Bernie Ecclestone over the direction of the sport. His basic premise was that Mr. E doesn’t really understand modern technology and is missing a significant number of opportunities to drive F1 revenue.

I think I heard someone else in the past few days suggests age was a factor mitigating F1’s CEO ability to operate competently. Parr said that night, ‘The way F1 is consumed is going to change over the next few years. There’s so much content you should be able to enjoy. Bernie has two or three cameras on every car. Then there are all the circuit cameras.

‘There’s an astonishing richness of material and we’re not really touching that at the moment.’ Assessing the way Ecclestone manages content, Parr added: ‘There are two things that Bernie thinks about. First, he likes to control the amount of material that’s available. He believes that rarity is an important characteristic of our sport.

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