News Details
$25m loss-making McLaren compensates Whitmarsh, Mercedes
$25m loss-making McLaren compensates Whitmarsh, Mercedes A $15 million pay-out to former boss Martin Whitmarsh contributed to the financial loss recorded by McLaren last year. Writing for Forbes, F1 business journalist Christian Sylt said the latest financial statements for 2014 showed McLaren paid 'compensation for (the) loss of office of a director', which surely must be Whitmarsh. Overall, McLaren turned a $19 million net profit for 2013 into an almost $25 million loss in 2014, with Sylt saying it is mainly due to the British team's performance dip. But another major cost was a $54 million fee paid to Daimler, after the Woking outfit switching from customer Mercedes power to works Honda...
Full Story »
Full Story »
10y ago from ThisIsF1.com
0
You May Also Be Interested In...
McLaren focusing for 2016 F1 rebound as it posts $25M...
McLaren focusing for 2016 F1 rebound as it posts $25M Loss McLaren...
10y ago from ThisIsF1.com
McLaren reports big loss for 2014
XPB Images
The McLaren Technology Group just filed its...
10y ago from F1i.com
No miracles, no magic: How McLaren can catch Mercedes
McLaren's engine partner Honda says it does not need a 'miracle' to close...
10y ago from BBC.co.uk
McLaren claim progress in slow corners
Having endured a point-less Mexican Grand Prix, McLaren Honda still found...
10y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
4h ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
23h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
1d ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
1d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
1d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
1d ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
2h ago from Motorsport.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
1d ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
1d ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Saka agrees new deal at Arsenal
Bukayo Saka has agreed to a new long-term contract at Arsenal.
1h ago from SkySports.com
Arsenal latest: Saka had interest from PL and Europe...
No description available...
1h ago from SkySports.com
'Among Europe's best' – David Ornstein confirms...
Arsenal fans will be delighted to hear that Bukayo Saka is closing in on a...
1h ago from CaughtOffside.com
Report: Arsenal to battle Man United & City for...
Arsenal are reportedly looking set for a summer transfer window battle...
1h ago from CaughtOffside.com
Comments
Hottest News
'Sounds incredible!' First video of 2026 F1 cars in action...
F1 fans have been left stunned by the sound of... Read More »
2h ago from GPFans.com
Could this be the new Red Bull livery for F1 2026?
In less than a week, Red Bull will reveal its... Read More »
1h ago from RacingNews365.com
Dacia grabs overall lead in thrilling Dakar Rally stage
Nasser Al-Attiyah won the sixth stage of the... Read More »
41m ago from RacingNews365.com
