News Details
McLaren slump to £6million loss in 2016
McLaren's rocky relationship with Honda has clearly been reflected in their latest financial figures – falling from a £4million profit in 2015 to a £6million loss last year. McLaren actually improved from ninth to sixth in the World Constructors' Standings between 2015 and 2016, but a combination of a fall in sponsorship earnings, heavy investment in its technology consultancy operation and the after-effects of lower prize money due to their dismal 2015 campaign. The accounts also reveal that Ron Dennis' pay dropped by £200,000 to £3.7million in 2016. The long-standing manager of McLaren sold his 25 per cent stake for £275million back in June. McLaren...
Full Story »
Full Story »
8y ago from PlanetF1.com
0
You May Also Be Interested In...
Analysis: How Hamilton got the 'miracle' he was hoping...
Lewis Hamilton and Mercedes were meant to be sitting ducks in...
8y ago from Motorsport.com
Currency issues hit Force India's financial results
Force India enjoyed an increase in revenue for the 2016 a calendar year...
8y ago from F1i.com
Force India losses increased in 2016 despite bigger...
The Force India F1 team earned increased income in 2016 but made a bigger...
8y ago from Motorsport.com
JV: Vettel only has himself to blame
Falling 28 points behind Lewis Hamilton in the title race, Jacques...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
3h ago from Motorsport.com
Why MotoGP’s ‘Concorde Agreement’ remains...
No description available...
22h ago from Motorsport.com
Pedro Acosta says teaming up with Marc Marquez would...
No description available...
1d ago from Motorsport.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
18h ago from MotorsportWeek.c...
IndyCar: A closer look at Mick Schumacher's true pace
No description available...
1d ago from Motorsport.com
Will Power's father okay after wrestling with armed...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Motorsport Week is hiring – Rally and Sportscar...
Motorsport Media Services are looking to expand its coverage, and in...
13h ago from MotorsportWeek.c...
How Takamoto Katsuta’s maiden WRC win is impacting...
No description available...
1d ago from Motorsport.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
2d ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Eze returns to training but Saka among...
No description available...
1h ago from SkySports.com
300,000 passes
When Arsenal travelled to Everton in December, they took a cautious...
1h ago from Arseblog.com
Sources: Arsenal face paying at least 180m after...
Arsenal have recently taken steps to explore a potential transfer move for...
3h ago from CaughtOffside.com
‘He could be the key' – Rio Ferdinand...
The Premier League title race has reached its boiling point, and the...
3h ago from CaughtOffside.com
Comments
Hottest News
Only one driver can replace Lewis Hamilton and it's not...
Not another one [insert general election meme... Read More »
1h ago from GPFans.com
Helmut Marko returns to F1 in fresh role
Helmut Marko departed the Red Bull team at the... Read More »
2h ago from RacingNews365.com
Martin Brundle confirms big F1 broadcasting change
Sky Sports commentator Martin Brundle, known to... Read More »
53m ago from MotorsportWeek.com
