APRIL 20, 2014
Whitmarsh set for $10m McLaren payout
Ousted boss Martin Whitmarsh could walk away from McLaren with a $10 million payout.
Last month, when Eric Boullier became the British team's new chief in the wake of supremo Ron Dennis' return to power, it was rumoured Whitmarsh agreed not to speak to the media while his contract payout is negotiated.
"Martin is a friend," Dennis said in March. "Some decisions you take in life are not that easy, and I will not elaborate."
Britain's Daily Mail now reports that while Whitmarsh's severance package is still being negotiated, it is "likely" to be around $10 million.
Correspondent Jonathan McEvoy said the figure is more than $400,000 for each of the 24 years Whitmarsh served at McLaren.
|Print News Story|
TEAM, DRIVER DENY VETTEL IGNORED TEAM ORDER
SUNDAY PRESS CONFERENCE
SUNDAY TEAM QUOTES
VETTEL REFUSES TO OBEY RED BULL TEAM ORDER
LOTUS BULLIED OVER BUDGET CAP AXE SAYS LOPEZ
NEWEY WITH WEBBER AT SILVERSTONE, NOT IN CHINA
TOTAL FUEL DAMAGING FUEL SENSOR
WHITMARSH SET FOR $10M MCLAREN PAYOUT
FATHER JAN AT RACES IS DISTRACTING SAYS MAGNUSSEN
FEMALE LAWYER TO HELP ECCLESTONE RUN F1
DENNIS HITS BACK AT HORNER'S STANCE ON FALLOWS
F1 SET FOR COST-CUTTING SUMMIT ON 1 MAY
RIVALS EXPECT ANOTHER MERCEDES WIN IN CHINA