Woking, Surrey - McLaren Formula One has not found a new title sponsor to replace telecoms group Vodafone in time for this week's launch of their latest car.
The team is in talks with potential partners but are not certain whether it will be able to bring in a title sponsor this year after the telecoms group dropped out at the end of last season.
McLaren, who last season failed to finish on the podium for the first time since 1980, said it had the funds to compete in 2014 despite the loss of a sponsorship worth an estimated $75 million (R810 million) a season.
BIG BUDGET
McLaren managing director Jonathan Neale told pitpass.com: “I'm pleased to say that McLaren Racing will have a larger operational budget available to it in 2014 than it's had in any previous season in McLaren's history.”
Neale pointed to a roster of sponsors including clothing company Hugo Boss and the Santander banking group.
The team is owned by three shareholders who can also help support it - Bahraini investment fund Mumtalakat, Saudi businessman Mansour Ojjeh and group chief executive Ron Dennis.
McLaren will present its new MP4-29 car on Friday in an online-only digital launch.
Reuters