McLaren posts bigger loss but increased revenue for 2017


Last season wasn't exactly a banner year for McLaren, the Woking-based outfit seeing its losses swell to over £13 million in 2017.

McLaren Racing Limited, the company that operates the F1 team, generated £196,5 million in revenue last year, a 9 percent increase over 2016, according to its latest annual report.

However, its loss for the financial year grew from £3.241 to £13,147, a year-on-year deterioration "largely due to Prize Money following the results of 2017 season".

Indeed, last season's campaign - the last which McLaren ran with engine partner Honda, saw the team finish a lowly ninth in the Constructors' standings - ahead of just Sauber.

McLaren's slice of FOM revenue for 2017 is estimated at approximately £75 million, an amount that includes its £25 million historical bonus.

Factoring in Honda's £60 million cash contribution, sponsorship and miscellaneous revenue is therefore estimated at about £60 million.

The report also mentions that McLaren initiated in 2017 a programme to sell "a specific and limited number" of its heritage race cars.

"Deposits have been received for the cars identified for sale and, whilst a small number were delivered in 2017, the majority will be prepared and delivered over 2018 and 2019".

A bit of selling of the family jewels one would say…

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