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
Pirelli doesn't intend to make a "Marquez"...
No description available...
1d ago from Motorsport.com
Inside Marc Marquez’s new approach to racing after...
No description available...
3d ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
4d ago from MotorsportWeek.c...
Jorge Martin escapes injury but hit with penalty for...
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
Longtime IndyCar team owner Dennis Reinbold passes...
Dreyer and Reinbold Racing announced Sunday that the team’s owner and...
7h ago from MotorsportWeek.c...
Longtime IndyCar team owner Dennis Reinbold passes away
No description available...
7h ago from Motorsport.com
IndyCar Officiating details infraction severity levels
IndyCar Officiating has released more specific information regarding the...
2d ago from MotorsportWeek.c...
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
3d ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1w ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Looks good' - Rio Ferdinand wants Arsenal target at...
Manchester United legend Rio Ferdinand has stoked transfer talk over FIFA...
1h ago from SportsKeeda.com
Papers: Arsenal chasing Morocco teenager Bouaddi
The top stories and transfer rumours from Monday's newspapers...
6h ago from SkySports.com
Arsenal begin talks with ‘amazing' teenage...
Arsenal have begun talks with Morocco sensation Ayyoub Bouaddi following...
9h ago from CaughtOffside.com
‘Why wouldn’t I?’: Eze would take England...
t;li>Eze dismisses idea of changing spot-kick technique‘If there is a...
10h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton and Sky F1 pundit in tense exchange live on...
Seven-time F1 world champion Lewis Hamilton hit... Read More »
12h ago from GPFans.com
Norris issues chilling Ferrari prediction: ‘They’ll...
Lando Norris grabbed a lonely third-place finish... Read More »
10h ago from F1i.com
Lewis Hamilton names 'big shock' to Ferrari after 'vocal'...
Lewis Hamilton has thanked Fred Vasseur for... Read More »
24m ago from RacingNews365.com
