McLaren’s Zak Brown Rakes in a Whopping £11 Million Pay Hike After Championship Glory!
In a jaw-dropping turn of events, McLaren CEO Zak Brown has cemented his status as a titan within the world of Formula 1, netting a staggering £11 million pay rise following the phenomenal triumph of his team in the constructors’ championship last year. This monumental increase propels Brown’s total earnings to a staggering £37.25 million for 2024, soaring from £26.38 million in 2023, making him one of the highest-paid figures in the sport.
As the dust settles on McLaren’s first constructors’ title in 26 years, only the likes of four-time world champion Max Verstappen and seven-time titleholder Lewis Hamilton have reportedly surpassed Brown’s earnings. This financial leap is not just a reflection of Brown’s leadership; it is a testament to McLaren’s resurgence in the competitive F1 landscape.
In its annual account disclosures, McLaren proudly proclaimed, “2024 saw McLaren Racing Limited reclaim the Formula One constructors’ championship, marking a triumphant return to the top after 26 years.” The statement extolled the collective efforts of the team, their partners, and the devoted fans who have supported McLaren through thick and thin. The 2024 season’s remarkable success showcases an impressive ascent from fourth place in 2023 to the pinnacle of the sport.
But the glory doesn’t stop at F1. McLaren’s success has rippled across various racing series, with standout performances from drivers like Pato O’Ward, who clinched three race victories in IndyCar, and Sam Bird, who achieved the team’s inaugural win in Formula E in Sao Paulo.
Financially, the numbers tell a story of robust growth. McLaren Racing’s revenues surged from £431,082 to £530,314, attributed to a “primarily a result of increased commercial activity after a strong season of on-track performance.” This resulted in an operating profit of £57,601, climbing by £27,000 from the previous year, and a net profit of £237,417—an impressive boost of nearly £100,000 year-on-year.
As the F1 world gears up for the upcoming Singapore Grand Prix, the spotlight remains firmly on McLaren and its dynamic leader, Zak Brown. With such significant financial gains and a triumphant return to form, the question now looms: what’s next for Brown and his racing empire? Fans and competitors alike are left buzzing with anticipation!
