News Details
Fall in prize money puts McLaren in the red
McLaren's lackluster 2015 season - its first with engine partner Honda - negatively impacted the team's 2016 revenue according to financial results filed this week. McLaren suffered a post-tax loss of £3.2m in 2016 year on turnover of £180m, a result which reflects reduced prize money associated with its performance in the previous season in which it finished only ninth in the Constructors' standings. Last year, McLaren spent £23.7m in car development, an increase of £4.6m over 2015 partly justified by its investment in the design of new-spec 2017 challenger. McLaren's Brown: 'F1 budget cap inevitable' "On track our chassis has shown excellent results throughout the 2017 season...
Full Story »
Full Story »
You May Also Be Interested In...
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...
8y ago from Motorsport.com
McLaren could forgo bonus for revenue reform
Zak Brown says that McLaren supports a budget cap McLaren could be...
8y ago from SpeedCafe.com
Villeneuve baffled by Toro Rosso-Honda
1997 World Champion Jacques Villeneuve has said he 'doesn't understand'...
8y ago from PlanetF1.com
Villeneuve baffled by Toro Rosso-Honda decision
1997 World Champion Jacques Villeneuve has said he 'doesn't understand'...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez pinpoints key weakness after Jerez MotoGP...
No description available...
6h ago from Motorsport.com
Uccio Salucci: 'VR46 is the top Ducati team right now'
No description available...
8h ago from Motorsport.com
Pramac MotoGP boss: 'Why do people think Yamaha isn't...
No description available...
11h ago from Motorsport.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
All drivers clear Indy 500 Rookie Orientation...
IndyCar’s two-day test session for the Indianapolis 500 got underway...
1h ago from MotorsportWeek.c...
Rookies take on Indianapolis in open test, Newgarden...
No description available...
12m ago from Motorsport.com
Arrow McLaren has "no fear" in running all...
No description available...
1d ago from Motorsport.com
Katherine Legge confirmed for Indy 500 with AJ Foyt
AJ Foyt Racing has announced that it will field a third entry in this...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
2d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
1d ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
2d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'My mindset…' – Arsenal star responds to...
Arsenal captain Martin Odegaard has played down transfer speculation over...
1h ago from CaughtOffside.com
Top reporter confirms Arsenal transfer talks with...
Arsenal have reportedly held talks on the player side as they eye an...
2h ago from CaughtOffside.com
World-class manager speaks out as 28-G/A phenomenon is...
Atletico Madrid striker Julian Alvarez has been linked with a move away...
2h ago from CaughtOffside.com
Arsenal readying £35m bid for attacking wonderkid...
Arsenal are reportedly interested in signing the Porto striker Oskar...
2h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen to McLaren latest as insider says one key...
Former F1 driver and now analyst Marc Surer... Read More »
1h ago from GPFans.com
Christian Horner 'allowed' to make F1 return after striking...
Former Red Bull F1 team principal Christian... Read More »
4h ago from GPFans.com
Red Bull chief tells McLaren 'We're going to keep him' as...
There are few situations in F1 as awkward as... Read More »
3h ago from GPFans.com
