News Details
McLaren Racing reports £71.4m loss in 2019, growth in turnover
McLaren Racing has reported a loss of £71.4 million during 2019 in its latest accounts, down from £84.4 million a year prior. Meanwhile, the group saw turnover rise from £60 million to £185 million, as well as a £26 million fall in operating losses. The last two years have seen significant a shake-up at the Woking-based outfit, with the team enjoying improvements in their constructors' championship fortunes, jumping from sixth in 2018 to fourth in 2019. Andreas Seidl and James Key have joined the team as team principal and technical director respectively, while McLaren Racing took over separate arms of the business McLaren Marketing and Team McLaren. The group took a £150 million...
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5y ago from GrandPrix247.com
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