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.<\/p>\n
We reported recently that the Woking team and Lotus are tussling for a major sponsorship deal, rumoured to be Sony Playstation.<\/p>\n
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.<\/p>\n
That is because incoming works engine partner Honda is coming on board with a whopping EUR 100 million per year in financial backing.<\/p>\n
That package includes free engines, EUR 50 million in cash and a 50 per cent contribution to the drivers’ salaries.<\/p>\n
“Apparently, the money will already be flowing this season,” said Schmidt.<\/p>\n
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