McLaren in the red?
February 25, 2008
Pitpass.com is reporting that McLaren ended the year in the red.
A report in today’s Daily Mail by Pitpass contributors Christian Sylt and Caroline Reid reveals that, according to its latest accounts, the McLaren Group made a £2.3 million operating loss in 2006 – a huge crash from the previous year’s £14.3 million profit.
Lack of a title sponsor after tobacco brand West left the F1 team sent its revenues into reverse gear and the group’s turnover dropped to £206.6 million.
This is an interesting article.
Posted in McLaren
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