After McLaren's 2024 constructors' title, CEO Zak Brown earned £37.3million ($50.3million)
McLaren CEO Zak Brown took home a hefty £37.3million ($50.3million) paycheque after the Woking outfit claimed its first Formula 1 constructors' championship title since 1998, according to Bloomberg.
Accounts filed at the UK registry Companies House show that the American earned £26.4million ($35.6million) in the previous year, meaning the constructors' title saw a pay increase of £10.9million ($14.7million) for Brown.
McLaren secured the 2024 title after an intense battle with Ferrari, with just 14 points separating the two teams at the end of the year. This year, the Brown-led team has dominated with both Lando Norris and Oscar Piastri, who have won 12 of the 17 grands prix so far and one of the three sprint races to date.
Heading into the Singapore Grand Prix, McLaren has the opportunity to take the 2025 constructors' title. It currently leads the standings with 623 points, 333 points ahead of Mercedes in second place, and will be crowned if it scores 13 points this weekend.
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The drivers' standings are much closer with McLaren leaving current championship leader Piastri and his team-mate Norris to fight it out between themselves. Just 25 points separate the two drivers ahead of the race at the Marina Bay Street Circuit. But with Max Verstappen's recent back-to-back wins in Italy and Azerbaijan, the two McLaren drivers are under threat from the four-time champion, who sits third, 44 points behind Norris.
Lando Norris, McLaren, Oscar Piastri, McLaren, Zak Brown, McLaren
Brown recently confirmed that McLaren Racing's stake sale to Mumtalakat and CYVN had been completed, meaning the racing arm of the automotive giant has reached a value of $4.1billion.
"The sport is on fire, you know, every metric, demand for teams. It wasn't long ago that Liberty [Media] acquired the sport and put a cost cap in place, which kind of ensured everyone's financial stability and on-track stability and competitiveness," Brown explained.
"So it's been a wonderful thing. The fans are coming out in the tens and hundreds of millions, sponsors, partners in the sport, unlike we've ever seen before, so the sport is on fire, and long may it continue."
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Category: General Sports
