News Details
McLaren Racing posts reduced £71 million loss
McLaren Racing reported a £71.4 million ($98.9m) loss for the 2019 financial year, which was £13m ($18m) less than the £84.4m ($117m) loss is posted in 2018. The team saws its revenues accelerate by 50 per cent from £123m ($170.4m) to £185m ($256.4m), driven by increased sponsorship and prize money income after the team finished sixth in 2018, compared to 2017 when it finished a lowly ninth – prize money is paid a year in arrears. The team also raised £6.7m by selling some of its heritage cars to 'specialist collectors around the world', though this is less than the £10m it raised in 2018 from the same practice. It still holds some 159 cars in its heritage collection, valued at...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
F1 reveals audience figures for 2020, strong social...
Formula 1’s TV audience suffered a slight dip in 2020, a trait...
4y ago from MotorsportWeek.com
Hamilton tipped for eighth title by 78 per cent of fans
Over three-quarters of Formula 1 fans expect Lewis Hamilton to surpass...
4y ago from MotorsportWeek.com
Lewis Hamilton & Mercedes Agree New £35mn Per...
The Mercedes F1 Team and Sir Lewis Hamilton have agreed terms of a...
4y ago from Formula1News.co.uk
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
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Czech GP: Francesco Bagnaia questions his...
No description available...
6h ago from Motorsport.com
How Jorge Martin's first day back with Aprilia in...
No description available...
7h ago from Motorsport.com
Marc Marquez leads the way in second Brno MotoGP...
The complex interchangeable conditions sees Marc Marquez lead the field...
10h ago from MotorsportWeek.c...
Alex Marquez scrapes into Q2 at MotoGP Czech Grand...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood tops opening IndyCar practice on slick...
IndyCar travels north of the Canadian border this weekend to tackle the...
4h ago from MotorsportWeek.c...
Arrow McLaren's Nolan Siegel cleared to race in Toronto
No description available...
1d ago from Motorsport.com
Kyle Kirkwood says people should appreciate Alex...
No description available...
1d ago from Motorsport.com
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
4h ago from Motorsport.com
Sensational Solberg leads Rally Estonia!
It may be just a one-off outing in Toyota Gazoo Racing’s GR Yaris...
6h ago from MotorsportWeek.c...
Oliver Solberg continues dream Rally1 return to extend...
No description available...
7h ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
14h ago from Motorsport.com
Popular On GunnersToday.com
'The conversations are continuing' - Fabrizio Romano...
Arsenal and Sporting CP are reportedly battling over 7 million of the...
4h ago from SportsKeeda.com
'I'm somebody who goes with my gut feeling a lot' -...
New Arsenal signing Noni Madueke has explained that he's a player who...
6h ago from SportsKeeda.com
Xavi Simons player profile: How much would the Chelsea...
RB Leipzig attacker Xavi Simons is currently one of the most sought-after...
6h ago from CaughtOffside.com
Official: Arsenal confirm the signing of Noni Madueke...
Arsenal have completed the signing of Noni Madueke from Chelsea, with the...
9h ago from FreshArsenal.com
Comments
Hottest News
Mercedes F1 star Valtteri Bottas takes on new role in...
Mercedes F1 star Valtteri Bottas has been joking... Read More »
4h ago from GPFans.com
Aston Martin and Mercedes handed defeat ahead of Belgian GP
Both Mercedes and Aston Martin were handed... Read More »
5h ago from GPFans.com
Lewis Hamilton domination triggers 'conflict' at Ferrari
Former F1 team boss Guenther Steiner has claimed... Read More »
6h ago from GPFans.com
