Whitmarsh set for $10-million McLaren payout

Martin Whitmarsh with Ron Dennis

Martin Whitmarsh with Ron Dennis

Ousted McLaren team principal Martin Whitmarsh could walk away from the Woking outfit with a $10 million payout.

Last month, when Eric Boullier became the British team’s new chief in the wake of supremo Ron Dennis’ return to power, it was reported Whitmarsh agreed not to speak to the media while his contract payout is negotiated.

“Martin is a friend,” Dennis said in March. “Some decisions you take in life are not that easy, and I will not elaborate.”

Britain’s Daily Mail now reports that while Whitmarsh’s severance package is still being negotiated, it is “likely” to be around $10 million.

Correspondent Jonathan McEvoy said the figure is more than $400,000 for each of the 24 years Whitmarsh served at McLaren. (GMM)