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 »
7y 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...
7y 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...
7y 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...
7y 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...
7y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
7h ago from Motorsport.com
Marc Marquez: ‘Not normal to win every weekend’...
Marc Marquez admits “it’s not normal to win every weekend” despite...
11h ago from MotorsportWeek.c...
Winners and losers from MotoGP’s Hungarian Grand Prix
No description available...
14h ago from Motorsport.com
“I’m back” – Jorge Martin on MotoGP Hungarian...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mother Nature helped, but Christian Rasmussen was the...
No description available...
8h ago from Motorsport.com
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
15h ago from Motorsport.com
Red Bull eyeing F1 drive for IndyCar champion Alex...
Red Bull is eyeing a move for IndyCar champion Alex Palou to join Max...
12h ago from MotorsportWeek.c...
Honda awarded IndyCar manufacturers’ championship
Even though the 2025 IndyCar season is not yet complete, Honda has been...
10h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
4d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Premier League: 10 talking points from the weekend’s...
harlison and Martín Zubimendi are changing things up at Spurs and...
6h ago from TheGuardian.com
Saka set to miss Liverpool clash and England qualifiers
Bukayo Saka is set to miss Arsenal's Premier League clash with Liverpool...
10h ago from SkySports.com
“Top-quality” star edging closer to Arsenal exit...
Arsenal defender Jakub Kiwior could be on his way out of North London this...
11h ago from CaughtOffside.com
Arsecast Extra Episode 655 – 25.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
13h ago from Arseblog.com
Comments
Hottest News
Andretti breaks silence on 2026 Cadillac F1 driver line-up
Cadillac board member and former F1 champion... Read More »
15h ago from MotorsportWeek.com
Christian Horner Aston Martin F1 move proposed
Former Red Bull boss Christian Horner has been... Read More »
5h ago from GPFans.com
Unseen Ferrari footage drops after Hamilton dispute
Previously unseen footage of the aftermath of... Read More »
6h ago from GPFans.com
