News Details
McLaren posts loss after Mercedes, Whitmarsh payments
The McLaren F1 team posted a £25 million ($37.6m) loss in 2014, down from a £15m ($23m) profit in 2013, as a result of one-off costs and a downturn in performance, which saw the team fail to win a single race and secure just two podium finishes. The company's accounts show the overall McLaren Group made a loss of £16.3m ($24.6m), compared to a profit of £12.6m ($19m) in 2013, with much of that attributed to the Formula 1 team, rather than the 17 other companies it holds a stake in. One-off costs were the driving force behind a reduction in profit for the outfit, whilst their on-track performance also had a negative impact, helping to drive revenue down by 6.8...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
$25m loss-making McLaren compensates Whitmarsh,...
$25m loss-making McLaren compensates Whitmarsh, Mercedes A $15 million...
10y ago from ThisIsF1.com
McLaren pay $15 million compensation to Whitmarsh
A $15 million pay-out to former team principal Martin Whitmarsh...
10y ago from GrandPrix247.com
McLaren focusing for 2016 F1 rebound as it posts $25M...
McLaren focusing for 2016 F1 rebound as it posts $25M Loss McLaren...
10y ago from ThisIsF1.com
No miracles, no magic: How McLaren can catch Mercedes
McLaren's engine partner Honda says it does not need a 'miracle' to close...
10y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi leaves Jerez MotoGP ‘satisfied'...
Marco Bezzecchi felt he achieved the best possible result with second...
1h ago from MotorsportWeek.c...
Alex Marquez: ‘I don’t have the answers’ to...
Alex Marquez admitted that he didn’t “have the answers” to explain...
5h ago from MotorsportWeek.c...
Why Joan Mir wasn’t encouraged by Honda’s best...
No description available...
5h ago from Motorsport.com
Winners and losers from the MotoGP Spanish GP
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Katherine Legge confirmed for Indy 500 with AJ Foyt
AJ Foyt Racing has announced that it will field a third entry in this...
2h ago from MotorsportWeek.c...
Katherine Legge will make Indy 500 return in HMD...
No description available...
3h ago from Motorsport.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
1d ago from MotorsportWeek.c...
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
2h ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
20h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
1d ago from MotorsportWeek.c...
WRC Canary Islands: Oliver Solberg crashes out of...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“It would heal a very deep wound” - Atletico star...
Atletico Madrid star Antoine Griezmann has opened up on his aspirations to...
42m ago from SportsKeeda.com
Arsenal could be entering into 'collaboration' with...
Arsenal could reportedly be set to enter into a collaboration of sorts...
1h ago from CaughtOffside.com
Andrea Berta pictured with club president as Arsenal...
Arsenal sporting director Andrea Berta has been spotted attending a...
2h ago from CaughtOffside.com
“These are the players you support” - Martin Keown...
Martin Keown believes Martin Zubimendi needs support from his Arsenal...
2h ago from SportsKeeda.com
Comments
Hottest News
NASCAR race stopped after massive 26-car crash brings out...
A huge wreck in a NASCAR Cup Series race last... Read More »
42m ago from GPFans.com
Max Verstappen 'two-finger' decision putting F1 at...
Max Verstappen has hinted at retiring from... Read More »
52m ago from RacingNews365.com
Shocking new Jos Verstappen rally crash footage lays bare...
The full details of Jos Verstappen's crash over... Read More »
1h ago from GPFans.com
