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
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
19h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
19h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
5h ago from MotorsportWeek.c...
Kirkwood "currently the biggest threat" to...
No description available...
8h ago from Motorsport.com
Official race results: 2026 IndyCar Grand Prix of...
No description available...
11h ago from Motorsport.com
Alex Palou “never felt safe” during Grand Prix of...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
11h ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
15h ago from Motorsport.com
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
17h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
17h ago from MotorsportWeek.c...
Popular On GunnersToday.com
John Terry claims Arsenal have a player who reminds...
John Terry has claimed that Arsenal wonderkid Max Dowman reminds him of...
6h ago from CaughtOffside.com
10 youngest goal scorers in Premier League as Arsenal...
On March 14, 2026, Arsenal prodigy Max Dowman etched his name into the...
8h ago from SportsKeeda.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
13h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
18h ago from SportsKeeda.com
Comments
Hottest News
Vasseur admits Ferrari 'are still a long way off Mercedes'
Ferrari delivered one of the standout... Read More »
1h ago from F1Technical.net
What's behind Red Bull's disastrous showing in Shanghai?
Red Bull faced one of their most challenging... Read More »
3h ago from F1Technical.net
Honda issue statement on Aston Martin 'excuse' after double...
Honda have reacted to yet another DNF for both... Read More »
9h ago from GPFans.com
