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Story of the season..........
#1
WILLIAMS CONFIRMS BUTTON RELEASE

The Williams team has confirmed that it has freed Jenson Button to drive for his team of choice, BAR-Honda, for 2006 and beyond.

Button was contracted to Williams for next year but was adamant that he wanted to race for BAR, triggering a protracted and unseemly dispute which was quickly dubbed ‘Buttongate’.

The two parties appeared to be at a stalemate before Williams acceded to ButtonÂ’s request to be released from his contract in return for substantial compensation.

Williams said in a statement: “As consideration for the release from the terms of his contract, Jenson has agreed a financial settlement with WilliamsF1."

Button was grateful for the co-operation of team owner Frank Williams.

“I would like to thank Frank for accommodating a compromise to what was a binding contract and I regret the difficulties my decision has caused everyone involved,” he said.

“I am glad that we have brought this matter to a conclusion and we can return to what we do best – racing,” added Williams.

No details of the financial settlement between Button and Williams were released, but estimates range from £10 to £20 million.

The compensation, plus the lower salary Williams will pay any of the likely replacements for Button, will boost the teamÂ’s coffers at a time when it has lost the financial backing of engine partner BMW and principal sponsor Hewlett Packard.
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Messages In This Thread
Story of the season.......... - by lols - 21-09-2005, 11:31 AM
Story of the season.......... - by TheDuck - 21-09-2005, 11:42 AM
Story of the season.......... - by lols - 21-09-2005, 11:54 AM
Story of the season.......... - by mcamp999 - 21-09-2005, 02:40 PM
Story of the season.......... - by lols - 21-09-2005, 02:48 PM
Story of the season.......... - by mcamp999 - 21-09-2005, 02:50 PM
Story of the season.......... - by lols - 21-09-2005, 03:09 PM
Story of the season.......... - by Jangar - 24-09-2005, 06:16 PM

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