Brawn GP profits of £98.5 million revealed
15 September 2010 – It has been revealed that the Brawn GP team, which raced only in 2009 under that particular guise, enjoyed profits of 98.5 million pounds as it continued to be funded by Japanese car giant Honda.
With a management buyout led by Ross Brawn and Nick Fry having saved the squad now owned by Mercedes at the very last knockings, before amazingly going on to claim both World Championship titles, its profits have now been reported by Bloomberg.
With the accounts have been filed at Companies House in London by Mercedes GP on Tuesday, they reveal a 38 percent increase in sales for last year in comparison with when Honda owned all shares in 2008.
Brawn and Fry, Team Principal and CEO respectively, each shared 20 million pounds of dividends.
It has also been reported that Daimler AG (Mercedes-Benz parent company) and Abu Dhabi’s Aabar Investments put in a total of 110 million pounds into the team last November – a sum which is believed to be based on projected results.