Honda package for McLaren includes free engines and big cash injection
5 February, 2014
Honda will fill any financial void at McLaren, after the multiple World Champion title holding team unveiled its new silver and black MP4-29 without replacing departed title sponsor Vodafone, as they are set to inject huge investment into the team.
We reported recently that the Woking team and Lotus are tussling for a major sponsorship deal, reported to be with Sony for their Playstation marketing budget.
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 that the team is financially secure.
That is because incoming works engine partner Honda is coming on board with a whopping €100 million per year in financial backing.
That package includes free engines, €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. (GMM)
Subbed by AJN.