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Whitmarsh: R100m from McLaren?

2014-04-22 08:31

HAPPY CHAP? Former McLaren boss Martin Whitmarsh could walk away from the F1 team with a severance package worth R100-million. Image: AFP

SHANGHAI, China - Ousted boss Martin Whitmarsh could walk away from McLaren with a payout worth the equivalent of R100-million.

In March 2014, when Eric Boullier became the team's new chief after Ron Dennis' return to power, it was rumoured Whitmarsh had agreed not to speak to the news media while his contract payout was being negotiated.


Dennis said at the time: "Martin is a friend. Some decisions you take in life are not that easy. I will not elaborate."

Britain's Daily Mail now reports that, while Whitmarsh's severance package was still being negotiated, it was "likely" to be the equivalent off about R100-million.

Correspondent Jonathan McEvoy said the figure was the equivalent of about R4.4-million for each of the 24 years Whitmarsh worked at McLaren.

Stay with Wheels24 for the 2014 F1 season – fresh reports every day.
Read more on:    mclaren  |  martin whitmarsh  |  england  |  london  |  motorsport  |  racing  |  f1

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