News Details
McLaren to take 'significant' financial hit from COVID-19 pandemic
McLaren Racing says the impact of the global COVID-19 pandemic on its 2020 financial results will be "significant" while the long-term consequences of the crisis remain uncertain. The Woking-based outfit disclosed its financial results for 2019 which saw the team grow its revenue by 50 percent from £123m ($170.4m) to £185m ($256.4m), an increase mainly driven by sponsorship and prize money income after the team finished sixth in the Constructors' standings in 2018. But overall, McLaren's racing division reported a £71.4 million ($98.9m) loss for the 2019 financial year. However, the bottom-line number was £13m ($18m) less than the £84.4m ($117m) loss the company posted in...
Full Story »
Full Story »
You May Also Be Interested In...
Formula 1 suffers decline in global audience and...
Formula 1 suffered a decline in its global audience and unique viewers...
4y ago from GrandPrix247.com
Hamilton ‘always recognised’ global situation...
Get F1 news in your inbox! By signing up to the newsletter you agree to...
4y ago from Crash.net
Working group to investigate F1 driver salary cap
Formula 1 will create a working group, which will include drivers, in...
4y ago from MotorsportWeek.com
F1 CEO: ‘We Don’t Want To Jump The Line’ For...
Last year’s F1 calendar had to be radically changed as a result of the...
4y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
1d ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
3d ago from MotorsportWeek.c...
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
6d ago from Motorsport.com
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Untouchable Alex Palou eases to IndyCar victory at...
The IndyCar paddock travelled over 2700 miles from the event last...
3h ago from MotorsportWeek.c...
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
3h ago from MotorsportWeek.c...
It's all Alex Palou in dominant IndyCar Laguna Seca...
No description available...
2h ago from Motorsport.com
IndyCar Laguna Seca – Qualifying Results
IndyCar traveled to the West Coast for a round at the historic Laguna...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
2d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 3-2 Newcastle – observations
Hey folks, I'm still here in Singapore. My flight is quite a bit later...
19m ago from Arseblog.com
Former Tottenham player wishes he had joined Arsenal...
Former Premier League attacker Adel Taarabt has suggested that he had the...
7h ago from CaughtOffside.com
'We are extremely happy to have him' - Mikel Arteta...
Arsenal manager Mikel Arteta has expressed his joy at having teenage star...
9h ago from SportsKeeda.com
Mikel Arteta provides update as Arsenal star picks up...
Arsenal boss Mikel Arteta gave an update on Riccardo Calafiori's injury is...
9h ago from SportsKeeda.com
Comments
Hottest News
Marko confirms the real reason why Red Bull sacked...
Red Bull Racing’s decision to sack team... Read More »
16h ago from GPFans.com
F1 Results Today: Norris blows title chance as Hamilton...
A delayed Belgian Grand Prix was won by a... Read More »
9h ago from GPFans.com
Hamilton wants to 'build on this momentum' after...
Having delivered a sensational comeback drive in... Read More »
49m ago from F1Technical.net
