News Details
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 its poor 2015 season kicked in in the form of reduced prize money, newly-published accounts have revealed. In 2015 the team made a profit £5.2m on turnover of £188m. However, as prize money always reflects the performance of the previous season, the team’s ninth place in its first campaign with Honda contributed to turnover falling by £8m to £180m in 2016. The significance of the numbers is that the team made a loss even with free Honda engines and substantial financial support from the Japanese manufacturer. Next season, McLaren will have to pay for its customer Renault engines, although marketing deals – for...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
McLaren slump to £6million loss in 2016
McLaren's rocky relationship with Honda has clearly been reflected in...
8y ago from PlanetF1.com
Williams posts profit in first half of 2017
The Williams Formula 1 team has made a profit of more than £10.4million...
8y ago from Motorsport.com
Red Bull Racing earned nearly £200m in 2016
Red Bull Racing generated a turnover £197m in 2016 and spent nearly all...
8y ago from Motorsport.com
Toro Rosso's Honda "gamble" puts team at...
The Toro Rosso Formula 1 team could pay the price in the near future for...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Has Ducati stagnated or have its MotoGP rivals caught...
No description available...
4h ago from Motorsport.com
KTM riders say top speed advantage has disappeared in...
No description available...
1d ago from Motorsport.com
What the concessions system will look like in MotoGP's...
No description available...
1d ago from Motorsport.com
Pedro Acosta explains what KTM needs to close the gap...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Long Beach – Qualifying Results
A slightly modified format was in play for IndyCar’s Long Beach...
20h ago from MotorsportWeek.c...
Felix Rosenqvist hopes Long Beach pole kickstarts...
No description available...
18h ago from Motorsport.com
Felix Rosenqvist secures IndyCar pole at Long Beach
25 cars rolled out on the historic Long Beach street circuit Saturday...
20h ago from MotorsportWeek.c...
Felix Rosenqvist beats Pato O’Ward to Long Beach...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
2d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
2d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Rice: Arsenal ready for 'ultimate test' at Man City
Declan Rice insists Arsenal are ready to eradicate the hurt from their...
1h ago from SkySports.com
Haaland: I feel no pressure facing Arsenal - we have...
Manchester City forward Erling Haaland says he is not feeling the pressure...
1h ago from SkySports.com
Papers: Chelsea open to selling Garnacho in the summer
The top stories and transfer rumours from Friday's newspapers...
1h ago from SkySports.com
Man City blow title race wide open with enthralling...
Manchester City blew the Premier League title race wide open by edging an...
1h ago from SkySports.com
Comments
Hottest News
Oscar Piastri delivers brutal verdict on F1 2026 cars
Oscar Piastri has delivered a brutal verdict on... Read More »
32m ago from MotorsportWeek.com
Mick Schumacher IndyCar nightmare after crashing at the...
Mick Schumacher's IndyCar race weekend at Long... Read More »
42m ago from GPFans.com
Max Verstappen riles fans after Nurburgring pitlane antics:...
F1 champion Max Verstappen's racing antics at the... Read More »
2h ago from GPFans.com
