News Details
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 its poor 2015 season kicked in in the form of reduced prize money, newly-published accounts have revealed. In 2015 the team made a profit £5.2m on turnover of £188m. However, as prize money always reflects the performance of the previous season, the team’s ninth place in its first campaign with Honda contributed to turnover falling by £8m to £180m in 2016. The significance of the numbers is that the team made a loss even with free Honda engines and substantial financial support from the Japanese manufacturer. Next season, McLaren will have to pay for its customer Renault engines, although marketing deals – for...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
McLaren slump to £6million loss in 2016
McLaren's rocky relationship with Honda has clearly been reflected in...
8y ago from PlanetF1.com
Williams posts profit in first half of 2017
The Williams Formula 1 team has made a profit of more than £10.4million...
8y ago from Motorsport.com
Red Bull Racing earned nearly £200m in 2016
Red Bull Racing generated a turnover £197m in 2016 and spent nearly all...
8y ago from Motorsport.com
Toro Rosso's Honda "gamble" puts team at...
The Toro Rosso Formula 1 team could pay the price in the near future for...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
17h ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
22h ago from Motorsport.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
2d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
1d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
1d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Chelsea plan to steal ‘pretty special' playmaker...
Chelsea are interested in signing the Genk midfielder Konstantinos...
12h ago from CaughtOffside.com
'That's true, yes': Transfer expert confirms Arsenal...
Arsenal are reportedly interested in signing the Borussia Dortmund...
20h ago from CaughtOffside.com
'What a massive player he is for us' - Mikel Arteta...
Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
18h ago from SportsKeeda.com
Contact made: Berta leading talks as Arsenal prepare...
Arsenal are looking to improve the midfield unit with the signing of...
20h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Lewis Hamilton's career picked apart as...
F1 world champion Jacques Villeneuve has launched... Read More »
1h ago from GPFans.com
Sebastian Vettel: Max Verstappen Goes For ‘Impossible...
Formula 1 legend Sebastian Vettel has praised Max... Read More »
40m ago from Formula1News.co.uk
Ferrari Preparing for Life After Lewis Hamilton, as Ollie...
Ferrari are reportedly already considering a... Read More »
40m ago from Formula1News.co.uk
