News Details
McLaren's £200million investment covered Honda breakup costs
McLaren used Michael Latifi's £200million investment to cover the costs of the split from Honda last season. Honda had been paying an incredibly high amount of money towards the team's budget, including the contract of Fernando Alonso. McLaren Group’s chief financial officer Paul Buddin said in an investors call that the costs of the split were soaked up using the fresh investment from the Nidala group, owned by F2 driver Nicolas Latifi's father. “The reason we went for that equity was that we recognised our decision, for performance reasons, to take the Honda engine out of the Formula 1 car, would have a significant impact on our cash flows within Formula 1,” said...
Full Story »
Full Story »
7y ago from GPBlog.com
0
You May Also Be Interested In...
Gasly points finger at Alonso: He hates us because of...
Pierre Gasly accused Fernando Alonso of mistreating Toro Rosso drivers...
7y ago from GPFans.com
Alonso doesn’t like our team because we use Honda PU...
Yet another driver has hit out at retiring F1 driver Fernando Alonso....
7y ago from ThisIsF1.com
Alonso: Reliability seems to have made a step backwards
Fernando Alonso had a dismal final Italian Grand Prix, it only lasted...
7y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini ‘can’t explain’ KTM tyre...
Enea Bastianini admitted he “can’t explain why” he struggled to...
10h ago from MotorsportWeek.c...
What was behind Enea Bastianini's worst season in...
No description available...
12h ago from Motorsport.com
Fernando Alonso: No normal person could achieve what...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Top five memorable drives of the 2025 IndyCar season
No description available...
9h ago from Motorsport.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
2d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
5d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Aston Villa Prediction and Betting Tips |...
The Premier League is back in action with another round of matches this...
5h ago from SportsKeeda.com
Can 'tactical genius' Emery get the better of Arteta...
Unai Emery says going to Arsenal on Tuesday night is Aston Villa's...
7h ago from SkySports.com
“There’s nothing special in our squad” - Arsenal...
Arsenal manager Mikel Arteta has admitted that the club are not ruling out...
8h ago from SportsKeeda.com
“It’s actually common sense” - Gary Lineker...
Pundit Gary Lineker has advised Arsenal striker Viktor Gyokeres to emulate...
9h ago from SportsKeeda.com
Comments
Hottest News
Fernando Alonso goes public as F1 champion shares picture...
Aston Martin F1 star Fernando Alonso has finally... Read More »
3h ago from GPFans.com
Ford gives Max Verstappen good news as Ferrari take drastic...
Check out all the biggest stories of the day with... Read More »
3h ago from RacingNews365.com
England cricket fans take aim at Oscar Piastri in brutal...
English cricket fans have taken aim at Australian... Read More »
4h ago from GPFans.com
