McLaren won the F1 title and made a record £588M.
Yet their accounts show a £43M deficit.
How does a team lose money on paper while staying within the FIA cost cap?
The balance sheet reveals the answer: www.paddockandpercent.com/post/mclaren...
paddockandpercent.com
McLaren Won the F1 Championship and Made £588M. So Why the Loss?
Behind the podium champagne, the team’s statutory accounts reveal an eyebrow-raising £43 million deficit