News Details
Fall in prize money puts McLaren in the red
McLaren's lackluster 2015 season - its first with engine partner Honda - negatively impacted the team's 2016 revenue according to financial results filed this week. McLaren suffered a post-tax loss of £3.2m in 2016 year on turnover of £180m, a result which reflects reduced prize money associated with its performance in the previous season in which it finished only ninth in the Constructors' standings. Last year, McLaren spent £23.7m in car development, an increase of £4.6m over 2015 partly justified by its investment in the design of new-spec 2017 challenger. McLaren's Brown: 'F1 budget cap inevitable' "On track our chassis has shown excellent results throughout the 2017 season...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren posted loss in 2016 as prize money dipped
McLaren Racing made a post-tax loss of £3.2m last year as the effects of...
8y ago from Motorsport.com
McLaren could forgo bonus for revenue reform
Zak Brown says that McLaren supports a budget cap McLaren could be...
8y ago from SpeedCafe.com
Villeneuve baffled by Toro Rosso-Honda
1997 World Champion Jacques Villeneuve has said he 'doesn't understand'...
8y ago from PlanetF1.com
Villeneuve baffled by Toro Rosso-Honda decision
1997 World Champion Jacques Villeneuve has said he 'doesn't understand'...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP’s ‘Concorde Agreement’ remains...
No description available...
18h ago from Motorsport.com
Pedro Acosta says teaming up with Marc Marquez would...
No description available...
22h ago from Motorsport.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
1d ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
14h 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...
10h ago from MotorsportWeek.c...
How Takamoto Katsuta’s maiden WRC win is impacting...
No description available...
23h 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...
1d ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“It was massive” - Gary Neville picks Arsenal...
Gary Neville has named Sol Campbell’s move from Tottenham Hotspur to...
19m ago from SportsKeeda.com
7 shots, 93% pass accuracy: Arsenal transfer target...
Khvicha Kvaratskhelia has been linked with Arsenal recently and his...
1h ago from CaughtOffside.com
Sources: Arsenal face paying at least 180m after...
Arsenal have recently taken steps to explore a potential transfer move for...
9m ago from CaughtOffside.com
A European trip
Good morning. Here's a really quick blog for you because I'm heading back...
2h ago from Arseblog.com
Comments
Hottest News
Breaking: Max Verstappen loses right-hand man Gianpiero...
A major blow for Red Bull, which is once again... Read More »
2h ago from RacingNews365.com
Red Bull rocked: Lambiase set to move to McLaren!
Gianpiero Lambiase – Max Verstappen’s... Read More »
59m ago from F1i.com
Gianpiero Lambiase exit provides huge hint about Max...
The news that Gianpiero Lambiase is leaving Red... Read More »
49m ago from GPFans.com
