News Details
McLaren pay $15 million compensation to Whitmarsh
A $15 million pay-out to former team principal 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. Whitmarsh joined McLaren as Head of Operations in 1989. In 1997, Whitmarsh was promoted to Managing Director, where he was responsible for managing the F1 operation and its partners and...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
$25m loss-making McLaren compensates Whitmarsh,...
$25m loss-making McLaren compensates Whitmarsh, Mercedes A $15 million...
10y ago from ThisIsF1.com
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
F1 drivers sympathise with plight of Alonso
Two Formula 1 drivers, past and present, have sympathised with the...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu hailed as ‘Casey Stoner 2.0’...
No description available...
4h ago from Motorsport.com
Marc Marquez just one win away from 100 and three from...
No description available...
2d ago from Motorsport.com
Marc Marquez on fairytale Honda return: “It’s more...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
Barnes: A wishlist for the 2026 IndyCar season
No description available...
3d ago from Motorsport.com
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
1w ago from Motorsport.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
6d ago from MotorsportWeek.c...
Top five memorable drives of the 2025 IndyCar season
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb left “almost at a standstill” in...
No description available...
2h ago from Motorsport.com
Dakar 2026, Stage 3: Ford dominant as Mitch Guthrie...
No description available...
5h ago from Motorsport.com
Toyota reveals striking new 2026 WRC challenger
No description available...
7h ago from Motorsport.com
Toyota nominates Oliver Solberg to score manufacturer...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
‘January move possible’: Reliable journalist says...
Arsenal are reportedly stepping up their efforts to sign Blackburn...
1h ago from CaughtOffside.com
Paul Merson predicts Arsenal vs Liverpool and other...
A lot has changed in the Premier League over the course of the last few...
4h ago from SportsKeeda.com
Chelsea face fight with Arsenal, Liverpool & Man...
Chelsea are interested in signing the Rennes defender, Jeremy Jacquet....
10h ago from CaughtOffside.com
Sources: Attacker wanted by Arsenal & Man United...
Borussia Dortmund’s decision to place Karim Adeyemi on the transfer...
11h ago from CaughtOffside.com
Comments
Hottest News
Mercedes tease first look at 2026 car
Mercedes are the latest F1 team to tease when the... Read More »
1h ago from GPFans.com
Stella praises McLaren masterminds behind title-winning run
Andrea Stella believes McLaren’s greatest... Read More »
47m ago from F1i.com
Horner plotting F1 comeback with Alpine?
Christian Horner is still plotting his big... Read More »
57m ago from GrandPrix247.com
