Honda to fill financial void at McLaren - report

Honda will fill the space for McLaren is they can't find a good sponsor.

Feb.5 (GMM) Honda will fill any financial void at McLaren, after the great British team unveiled its new silver and black MP4-29 without replacing departed title sponsor Vodafone.

We reported recently that the Woking team and Lotus are tussling for a major sponsorship deal, rumoured to be Sony Playstation.

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 the team is financially secure.

That is because incoming works engine partner Honda is coming on board with a whopping EUR 100 million per year in financial backing.

That package includes free engines, EUR 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.

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About this article
Series Formula 1
Drivers Michael Schmidt
Teams McLaren
Article type Breaking news
Tags 100 million, financial backing, honda, mclaren, money, playstation sponsorship, schmidt, sony playstation, sponsorship, vodaphone
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