News Details
McLaren to take 'significant' financial hit from COVID-19 pandemic
McLaren Racing says the impact of the global COVID-19 pandemic on its 2020 financial results will be "significant" while the long-term consequences of the crisis remain uncertain. The Woking-based outfit disclosed its financial results for 2019 which saw the team grow its revenue by 50 percent from £123m ($170.4m) to £185m ($256.4m), an increase mainly driven by sponsorship and prize money income after the team finished sixth in the Constructors' standings in 2018. But overall, McLaren's racing division reported a £71.4 million ($98.9m) loss for the 2019 financial year. However, the bottom-line number was £13m ($18m) less than the £84.4m ($117m) loss the company posted in...
Full Story »
Full Story »
You May Also Be Interested In...
Formula 1 suffers decline in global audience and...
Formula 1 suffered a decline in its global audience and unique viewers...
3y ago from GrandPrix247.com
Hamilton ‘always recognised’ global situation...
Get F1 news in your inbox! By signing up to the newsletter you agree to...
3y ago from Crash.net
Working group to investigate F1 driver salary cap
Formula 1 will create a working group, which will include drivers, in...
3y ago from MotorsportWeek.com
F1 CEO: ‘We Don’t Want To Jump The Line’ For...
Last year’s F1 calendar had to be radically changed as a result of the...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Game of Thrones star Emilia Clarke to reveal new...
No description available...
1h ago from Motorsport.com
Bagnaia explains bizarre post-FP1 crash after Vinales...
No description available...
1h ago from Motorsport.com
Francesco Bagnaia tops the timesheets in Barcelona...
Francesco Bagnaia topped the timesheets in the second MotoGP practice in...
3h ago from MotorsportWeek.c...
MotoGP Barcelona GP: Bagnaia leads Bezzecchi in second...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
22h ago from Motorsport.com
Penske Entertainment buys Grand Prix of Long Beach
No description available...
1d ago from Motorsport.com
Penske purchases Grand Prix Association of Long Beach
Penske Entertainment announced Thursday that it has acquired the Grand...
1d ago from MotorsportWeek.c...
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
3h ago from Motorsport.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
10h ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
4d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'I hope so' - 25-year-old star keen to stay at current...
No description available...
48m ago from SportsKeeda.com
Arsenal attacker 'in talks' over new long-term...
Arsenal are reportedly working to secure Belgian attacker Leandro Trossard...
1h ago from SportsMole.co.uk
Kai Havertz names Virgil van Dijk and 2 Arsenal stars...
No description available...
1h ago from SportsKeeda.com
Man United boss Ruben Amorim 'wants record-breaking...
Manchester United head coach Ruben Amorim is allegedly pushing for the Red...
1h ago from SportsMole.co.uk
Comments
Hottest News
F1 urges fans not to purchase resale tickets to 2025 season...
F1 has cautioned fans who missed out on a ticket... Read More »
58m ago from MotorsportWeek.com
It is not impossible to get a job in F1, claim Mercedes
For any young motorsport fan, the chance to work... Read More »
58m ago from F1Technical.net
Haas opposed to potential ‘killer' 2026 F1 rule
Haas boss Ayao Komatsu is directly opposed to a... Read More »
6h ago from MotorsportWeek.com
