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
Marc Marquez admits ‘my body will force me to retire...
No description available...
22h ago from Motorsport.com
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
22h ago from MotorsportWeek.c...
Honda completes another test with 2027 bike as Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
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...
2d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
2d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
2d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
17h ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
21h ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
1d ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Nottingham Forest 0-0 Arsenal: Gunners misfire to...
Match report – Player ratings – Arteta reaction – Quotes...
1h ago from Arseblog.com
Arsenal star Declan Rice's X-rated reaction after...
Declan Rice was pissed following Arsenal’s 0-0 draw against Nottingham...
3h ago from SportsKeeda.com
Nottingham Forest 0-0 Arsenal: Premier League – live...
points were shared on an evening when Arsenal extended their lead at the...
13h ago from TheGuardian.com
Arsenal now set to target £120m double transfer after...
Arsenal are now reportedly set to switch their focus to Eintracht...
22h ago from CaughtOffside.com
Comments
Hottest News
Marko offers a stark prediction ahead of F1’s big reset
Helmut Marko may no longer occupy his familiar... Read More »
56m ago from F1i.com
Lewis Hamilton race engineer appointed in new role
Following the news Riccardo Adami will no longer... Read More »
1h ago from GPFans.com
Helmut Marko shares the truth about Max Verstappen's Red...
Former Red Bull F1 chief Helmut Marko has set the... Read More »
26m ago from GPFans.com
