News Details
McLaren's £200million investment covered Honda breakup costs
McLaren used Michael Latifi's £200million investment to cover the costs of the split from Honda last season. Honda had been paying an incredibly high amount of money towards the team's budget, including the contract of Fernando Alonso. McLaren Group’s chief financial officer Paul Buddin said in an investors call that the costs of the split were soaked up using the fresh investment from the Nidala group, owned by F2 driver Nicolas Latifi's father. “The reason we went for that equity was that we recognised our decision, for performance reasons, to take the Honda engine out of the Formula 1 car, would have a significant impact on our cash flows within Formula 1,” said...
Full Story »
Full Story »
7y ago from GPBlog.com
0
You May Also Be Interested In...
Gasly points finger at Alonso: He hates us because of...
Pierre Gasly accused Fernando Alonso of mistreating Toro Rosso drivers...
7y ago from GPFans.com
Alonso doesn’t like our team because we use Honda PU...
Yet another driver has hit out at retiring F1 driver Fernando Alonso....
7y ago from ThisIsF1.com
Alonso: Reliability seems to have made a step backwards
Fernando Alonso had a dismal final Italian Grand Prix, it only lasted...
7y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Honda completes another test with 2027 bike as Ducati...
No description available...
4h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
7h ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
1d ago from MotorsportWeek.c...
VR46 an option for Pedro Acosta, but priority is a...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
3h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
9h ago from Motorsport.com
Popular On GunnersToday.com
White Unlikely To Depart But Will Arsenal Strengthen...
With us now a few weeks into the New Year, the January transfer window has...
2h ago from FreshArsenal.com
Premier League news: Arteta plays down Rice’s tunnel...
No description available...
3h ago from TheGuardian.com
Insider confirms Arsenal are ready to target summer...
Arsenal are preparing an audacious summer move for Newcastle United winger...
11h ago from CaughtOffside.com
Here we go: Arsenal & Liverpool transfer target...
Manchester City reportedly look to be closing in on the £20m transfer of...
7h ago from CaughtOffside.com
Comments
Hottest News
Cadillac completes 'emotional' shakedown at Silverstone
As the countdown to pre-season testing... Read More »
32m ago from MotorsportWeek.com
F1: Cadillac hits the track
Cadillac was in action at Silverstone today, as... Read More »
1h ago from Pitpass.com
Sergio Perez 'emotional' as motorsport history made on...
The Mexican driver completed the first laps in... Read More »
1h ago from RacingNews365.com
