Germany

Last Race: 20th Jul Germany

Germany GP Results
Pos Driver
1 Nico Rosberg
2 Valtteri Bottas
3 Lewis Hamilton

McLaren will have their 'biggest' budget

Wednesday 22nd January 2014

Share:

McLaren will have their 'biggest' budget

McLaren will have their 'biggest' budget

McLaren won't announce their new title sponsor when they launch their new car, but fans shouldn't be concerned as they will have their biggest ever budget this year.

The Woking squad are coming off a disastrous 2013 campaign during which they finished a distant fifth in the Constructors' Championship as they not only failed to win a race, but also didn't claim a single podium finish.

Telecommunications group Vodafone also announced early last year that they would end their title sponsorship, but McLaren's bosses said they had an "exciting announcement" lined up for the last month of the year.

December came and went and there are now doubts whether or not they will have a title sponsor for the 2014 season after they revealed they won't announce one when launching their car on January 24.

Despite the concerns, McLaren managing director Jonathan Neale says they are in "good shape".

"We won't be announcing a new title partner when we launch our new MP4-29 on January 24th," he is quoted as saying by pitpass.com, "but our roster of sponsors remains the envy of the pitlane."

He continued: "Moreover, and importantly, McLaren Group is a private organisation, not a PLC. As such, whereas in previous years we've sometimes shown a very healthy profit, running to tens of millions of pounds, we don't have shareholders demanding that we do that every year, as PLCs do. Indeed, our shareholders don't take dividends - instead they're motivated by the desire to make the McLaren Group an even greater and even more successful powerhouse of technical innovation than it is already.

"So, bearing all the above points in mind, I'm pleased to say that McLaren Racing will have a larger operational budget available to it in 2014 than it's had in any previous season in McLaren's history.

"We're in good shape."

Friday's Shots From Hungary

Editor's Picks

Winners & Losers: Germany

Winners & Losers: Germany

Not the best result, but Daniel Ricciardo drove the finest race of his F1 career on a storming afternoon at Hockenheim...

Ferrari Must Cut Kimi Losses

Ferrari Must Cut Kimi Losses

There appears to be a sense of déjà vu for Ferrari since the return of Kimi Raikkonen, and perhaps it's time for the team to cut their losses...

Team-Mate Wars: British GP

Team-Mate Wars: British GP

Daniil Kvyat is bossing his more experienced team-mate, unlike Kevin Magnussen. Fernando Alonso still has the biggest margin...

PlanetF1 Fantasy League

PlanetF1 Fantasy League

The season may be underway but you can still enter the PlanetF1 Fantasy League and win prizes on a race-by-race basis...