News Details
McLaren Group record £175m loss in revenue
McLaren's financial struggles have been reflected in their Q1 financial records for 2020, reporting a revenue loss of £175million in the first quarter. A day after it was confirmed that McLaren Group are going to substantially cut its entire workforce by making around 1200 members of staff redundant (70 of which are to come from the F1 team) , the gloomy picture has continued to be painted. Overall first quarter revenue figures have dropped from £284million to £109million when compared to the same Q1 period in 2019, while McLaren Group's EBITDA currently sits at -£81million. Post-tax losses have also increased from £20million to £110million. As for McLaren Racing specifically,...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren Group records £175million revenue drop
The McLaren Group has posted a revenue loss of £175million for the first...
5y ago from GPFans.com
McLaren Group reveals 61 per cent revenue reduction
McLaren Group has posted a substantial year-on-year reduction
in revenue...
5y ago from MotorsportWeek.com
McLaren Group to cut workforce, F1 jobs set to be lost
McLaren Group has confirmed that it is planning to reduce
its headcount...
5y ago from MotorsportWeek.com
When Italy mourned the loss of its favorite son
On this day in 1955, the Italian nation and motorsport mourned the loss...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media reports MotoGP’s revenue and losses...
No description available...
12h ago from Motorsport.com
Johann Zarco: 'Maybe I have a chance' of repeat French...
No description available...
13h ago from Motorsport.com
Marc Marquez on his current Ducati struggles: “I've...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Zanardi: The man whose name is a synonym for...
No description available...
7h ago from Motorsport.com
Conor Daly tops Indy 500 test with 225mph lap on...
No description available...
7h ago from Motorsport.com
How to watch IndyCar 2026 Indy GP: Weekend schedule,...
No description available...
9h ago from Motorsport.com
Graham Rahal “not a fan” of new rule allowing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg grabs Rally Portugal lead as Hyundai...
No description available...
10h ago from Motorsport.com
Why WRC drivers expect Portugal to deliver a rally...
No description available...
17h ago from Motorsport.com
Hyundai brings WRC engine upgrade to Rally Portugal
No description available...
21h ago from Motorsport.com
Oliver Solberg snatches early advantage in Portugal
Oliver Solberg made a strong start to Rally de Portugal, ending...
3m ago from MotorsportWeek.c...
Popular On GunnersToday.com
Brazilian defender emerges as a target for Arsenal as...
Brazilian defender Wesley has done quite well for AS Roma, and Arsenal are...
9h ago from CaughtOffside.com
PSG v Arsenal: six factors that could decide the...
ping Ousmane Dembélé quiet will be tough but Mikel Arteta’s side have...
11h ago from TheGuardian.com
Champions League review: a punch for Arteta and are...
teams for the final in Budapest are set. We look at how they got there...
11h ago from TheGuardian.com
Arsenal ready to splash UCL cash on 28-G/A star who is...
Arsenal are reportedly interested in signing the PSG attacker Khvicha...
12h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Hamilton fearing Ferrari path as Red Bull...
Lewis Hamilton has openly expressed his doubts... Read More »
33m ago from GPFans.com
F1MATHS: What does the telemetry reveal about the 2026 F1...
The comparison between Kimi Antonelli’s 2026... Read More »
2h ago from F1Technical.net
Oscar Piastri calls for future F1 changes after 'pretty...
Oscar Piastri was given his first real taste of... Read More »
1h ago from RacingNews365.com
