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
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
4h ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
9h 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
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'What a massive player he is for us' - Mikel Arteta...
Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
6h ago from SportsKeeda.com
'That's true, yes': Transfer expert confirms Arsenal...
Arsenal are reportedly interested in signing the Borussia Dortmund...
7h ago from CaughtOffside.com
Contact made: Berta leading talks as Arsenal prepare...
Arsenal are looking to improve the midfield unit with the signing of...
8h ago from CaughtOffside.com
Everton 0-1 Arsenal: Gyokeres penalty sends Gunners...
Match report – Player ratings – Arteta reaction – Video...
9h ago from Arseblog.com
Comments
Hottest News
Lewis Hamilton legacy BULLDOZED by F1 champion
F1 world champion Jacques Villeneuve has launched... Read More »
1h ago from GPFans.com
Why Toto Wolff expects new 2026 F1 cars to be...
Mercedes boss Toto Wolff has looked ahead to the... Read More »
2h ago from MotorsportWeek.com
Max Verstappen reveals F1 star he wants as team-mate more...
Four-time F1 world champion Max Verstappen has... Read More »
8h ago from GPFans.com
