FEBRUARY 5, 2014
Honda to fill financial void at McLaren?
Honda 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.
|Print News Story|
FERRARI CONFIRM F1 TEST TRIO
LOTUS OWNER SAYS WHITMARSH NOT ONLY CANDIDATE
MERCEDES HAS THE EDGE IN 2014 SAYS MINARDI
PRODROMOU HAS CALLED OFF RED BULL EXIT
HONDA TO FILL FINANCIAL VOID AT MCLAREN?
EARLY 2014 WILL MAKE F1 AN ENGINE FORMULA SAYS NEWEY
LAUDA ADMITS MERCEDES HAS EARLY EDGE
HAAS TO MEET NEXT DEADLINE FOR 2015 ENTRY
NO MORE BURGERS FOR F1 ROOKIE ERICSSON
CONTRADICTORY ECCLESTONE SAYS NEW RULES TIMELY
STAYING AT TORO ROSSO BEST OPTION FOR VERGNE
ECCLESTONE TRIAL TO BEGIN IN LATE APRIL