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...
Full Story »
5y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

F1 reveals audience figures for 2020, strong social...

Formula 1’s TV audience suffered a slight dip in 2020, a trait...
5y ago from MotorsportWeek.com

McLaren Racing posts reduced £71 million loss

McLaren Racing reported a £71.4 million ($98.9m) loss for the 2019...
5y ago from MotorsportWeek.com

Grosjean 'quite surprised' by Alpine management...

Romain Grosjean says he was caught by surprise by the management shake-up...
5y ago from F1i.com

F1 TV audience drops in 2020, but online growth surges

Formula 1 has revealed its TV audience numbers for 2020, with the sport...
5y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Fabio Di Giannantonio secures pole position on...

VR46 Ducati's Fabio Di Giannantonio ended a four-year drought to claim...
21m ago from MotorsportWeek.c...

Ai Ogura fastest in final Brazilian MotoGP practice

Trackhouse Racing rider Ai Ogura recorded the fastest time in the final...

Popular On IndyCarToday.com

Takuma Sato makes Indy 500 return with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...

Helio Castroneves confirms return for 26th...

Helio Castroneves has confirmed that he will take part in the upcoming...

Popular On TotalWRC.com

Popular On GunnersToday.com

Pep Guardiola appears to confirm star man will not...

Manchester City boss Pep Guardiola has seemingly confirmed the...
3h ago from SportsKeeda.com

'Their guru is all about fouling the goalkeeper' -...

Graeme Souness has criticized Arsenal's set-piece tactics while also...
5h ago from SportsKeeda.com

Saturday round-up: Saka and Merse, modern football,...

Morning all. Let's have a quick Saturday round-up, because while obviously...
6h ago from Arseblog.com

Mikel Arteta provides fitness update on 2 key Arsenal...

Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
9h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.