Williams F1 Principal Says She’s Not Worried About Finances

Williams F1 Deputy Team Principal Claire Williams said that there are “absolutely no concerns" around the team’s finances for next season, despite losing one of its main sponsors. Williams recently announced that Brazilian driver Felipe Massa will replace Venezuelan Pastor Maldonado in the team’s driver lineup for ’14 and as a result, PDVSA will end its deal with the team at the end of the year. The state-owned Venezuelan oil company will not be present on the team’s cars in ’14, but it will not further impact Williams’ ability to race next season.

Williams told SBD Global at the Circuit of the Americas, "When we looked at the PDVSA arrangement, we had to make sure that the outcome of that maintained that stability for the business. So looking ahead to next year, we wouldn’t have gone ahead with the arrangement that we made unless that was the case. We wouldn’t have entered into this arrangement if we weren’t sure that we had the budget to go racing for next year, so there are no concerns around that."