McLaren slump to £6million loss in 2016

McLaren's rocky relationship with Honda has clearly been reflected in their latest financial figures – falling from a £4million profit in 2015 to a £6million loss last year.

McLaren actually improved from ninth to sixth in the World Constructors' Standings between 2015 and 2016, but a combination of a fall in sponsorship earnings, heavy investment in its technology consultancy operation and the after-effects of lower prize money due to their dismal 2015 campaign.

The accounts also reveal that Ron Dennis' pay dropped by £200,000 to £3.7million in 2016. The long-standing manager of McLaren sold his 25 percent stake for £275million back in June.

McLaren are hoping that a change in engine supplier from Honda to Renault will help generate more income for the team by being more competitive out on track.

Experience the full coverage of the FIA Formula One season throughout 2017 on FOX Sports Play, where you can watch LIVE races from angles, unlike any other, highlights, interviews, behind the scenes and much more. Don’t miss it!