F1 Fansite

F1 News

Financial void at McLaren to be filled by Honda

Posted on by with 0 Comments
McLaren MP4-4 Powered by Honda
McLaren MP4-4 Powered by Honda

Financial void at McLaren to be filled by HondaHonda will fill any financial void at McLaren, after the great British team unveiled its new silver and black MP4-29 without replacing departed title sponsor Vodafone.

We reported recently that the Woking team and Lotus are tussling for a major sponsorship deal, rumoured to be Sony Playstation.

But even if McLaren – whose sponsorship asking price is probably higher – fails to secure the deal, the respected correspondent for Germany’s Auto Motor und Sport, Michael Schmidt, says the team is financially secure.

That is because incoming works engine partner Honda is coming on board with a whopping EUR 100 million per year in financial backing.

That package includes free engines, EUR 50 million in cash and a 50 per cent contribution to the drivers’ salaries.

“Apparently, the money will already be flowing this season,” said Schmidt.

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt

Latest F1 News posts:

See older posts in our F1 News Archive »

Free F1 Newsletter

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com '14 & '15 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets USA F1 GP USA Available Book Now
Book F1 Tickets British F1 GP British '15 Available Book Now
Book F1 Tickets Singapore F1 GP Singapore 15 -15%
Book Now
Book F1 Tickets Spanish F1 GP Spain 2015 -20%
Book Now
Book F1 Tickets Monaco F1 GP Monaco '15 Available
Book Now
Book F1 Tickets Canadian F1 GP Canada '15 Available Book Now
Book F1 Tickets Austria F1 GP Austria '15 Available Book Now
Book F1 Tickets Austria F1 GP Hungary '15' -25% Book Now
Book F1 Tickets Belgium F1 GP Belgium '15 -25% Book Now
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.
Online Broker Compare