McLaren set for record budget

Andover Advertiser: McLaren are in rude financial health, according to racing director Eric Boullier McLaren are in rude financial health, according to racing director Eric Boullier

McLaren are to operate in 2015 with the biggest budget in the team's history.

McLaren Group CEO Ron Dennis confirmed at the start of this season his organisation were digging deeper into their pockets than ever before in order to compete this year, with the figure rumoured to be around £200million.

The Woking-based marque, however, are still considerably off the pace of not just the dominant team this season in Mercedes, but also the likes of Red Bull and Williams.

With Honda due to come on board as power-unit supplier from next year, it is apparent no expense is being spared in order to return to the front.

"We are not in a position where we are struggling to get money, we are perfectly fine, and with Honda coming on board, even more so," said racing director Eric Boullier.

"For this year we've had our biggest ever budget and next year that is going to increase, so there are no worries."

Such remarks, however, would appear to fly in the face of the FIA's determination to cut costs, although only minor savings have been announced for next year by the World Motor Sport Council.

"Cost cutting and budgets are different," insisted Boullier.

"If we want a £500million budget but spend only £100million then that is our problem, so they are different topics."

Boullier also insists McLaren's financial well-being means they will continue to be patient with regard to a title sponsor.

Following Vodafone's withdrawal at the end of last season McLaren were due to announce a successor in December, but nothing materialised.

Earlier this year Dennis then remarked a new sponsor would be signed up after the first two or three races, but again all remained quiet.

Asked about the current situation, Boullier replied: "We will announce it when we sign one.

"Obviously we haven't announced anything because we haven't finalised anything.

"There is no one-off reason. There are a few delays because there is nothing to sign or ready to be signed.

"Performance doesn't help, and the world economic situation is not the best, but McLaren has 32 partners and sponsors, so we are fine."

Comments (1)

Please log in to enable comment sorting

9:43pm Tue 8 Jul 14

Nom De Plume says...

I thought budgets were supposed to have been capped to make it fairer?
I thought budgets were supposed to have been capped to make it fairer? Nom De Plume
  • Score: 0
Post a comment

Remember you are personally responsible for what you post on this site and must abide by our site terms. Do not post anything that is false, abusive or malicious. If you wish to complain, please use the ‘report this post’ link.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree