Motor racing-McLaren expect to lose a third of revenues

Newswire

LONDON, Dec 7 (Reuters) - McLaren expect their revenues to fall by more than a third as a result of the global economic crisis, according to the Formula One team's boss and co-owner Ron Dennis.

"Our budgets come from the advertising budgets of the companies that support us, and inevitably advertising budgets get slashed or, at least are significantly trimmed in times of economic strife," he told ...

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