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
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
1d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
2d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas earns Phoenix IndyCar pole as Will Power...
No description available...
15h ago from Motorsport.com
IndyCar's David Malukas eager to convert Phoenix pole...
No description available...
13h ago from Motorsport.com
IndyCar veterans praise Mick Schumacher for...
No description available...
14h ago from Motorsport.com
IndyCar Phoenix – Qualifying Results
IndyCar’s busy Friday continued with a single-car, two-lap qualifying...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
1d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'Delighted to see it', 'Locked in' - Arsenal fans...
It’s all smiles and delight for a section of Arsenal fans after Max...
29m ago from SportsKeeda.com
14 G/A star puts Arsenal on alert as he's open to...
Arsenal are reportedly interested in a potential transfer swoop for Paris...
1h ago from CaughtOffside.com
'We could lose him' – Ray Parlour predicts...
Former Arsenal midfielder Ray Parlour has made it clear that Gabriel Jesus...
1h ago from CaughtOffside.com
Mansfield Town v Arsenal – live blog
Join us for live blog coverage of our FA Cup 5th round clash away to...
29m ago from Arseblog.com
Comments
Hottest News
FIA announce late Mercedes penalty verdict after front row...
The FIA have confirmed a late penalty verdict for... Read More »
2h ago from GPFans.com
Lewis Hamilton warns F1 2026 could be ‘done' amid...
Lewis Hamilton has warned the 2026 F1 season... Read More »
1h ago from MotorsportWeek.com
Lando Norris says George Russell only one saying Australian...
Lando Norris did not have the best of starts to... Read More »
2h ago from GrandPrix247.com
