News Details
McLaren considering selling minority stake in F1 team
McLaren are considering selling a minority stake in their Formula 1 team due to financial pressures amidst the COVID-19 pandemic, it has been reported. Per Sky News, the proposal is at a ‘conceptual stage’ alongside other options, including raising capital from existing bondholders. There was no immediate comment from McLaren. Bahrain’s Mumtalakat holding company is the majority shareholder in McLaren Group, with a 56% stake, followed by the TAG Group led by Saudi-born businessman Mansour Ojjeh with 14%. Canadian businessman Michael Latifi acquired a stake of around 10% in 2018. McLaren finished fourth overall last season with Spaniard Carlos Sainz, who is joining Ferrari next year,...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of...
4y ago from PlanetF1.com
Website admits Marko comment that incensed Hamilton...
A sports website has admitted that a quote it attributed to Helmut Marko...
4y ago from F1i.com
Renault F1 Team begins selling face masks
The Renault F1 Team has begun selling face masks The Renault F1 Team has...
4y ago from SpeedCafe.com
F1 still considering new venues and alternative layouts
Formula One is still considering holding races at venues not on the...
4y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Bastianini defends controversial Misano winning move...
No description available...
4h ago from Motorsport.com
Martin: Bastianini’s Misano move “bit too much”,...
No description available...
5h ago from Motorsport.com
Enea Bastianini wins controversial Misano MotoGP race...
Enea Bastianini earned Ducati their 100th MotoGP win after a...
7h ago from MotorsportWeek.c...
MotoGP Emilia Romagna GP: Bastianini takes...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
FBI descend on Rahal Letterman Lanigan Racing base
According to multiple reports, the Federal Bureau of Investigation (FBI)...
2d ago from MotorsportWeek.c...
Felipe Drugovich granted IndyCar test with Chip...
2022 FIA Formula 2 World Champion Felipe Drugovich has landed an NTT...
1d ago from MotorsportWeek.c...
Rahal Letterman Lanigan investigated by the FBI: What...
No description available...
3d ago from Motorsport.com
2022 F2 champ Drugovich testing with Ganassi later...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Inside the WRC’s search for its next Michele Mouton
No description available...
2d ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
6d ago from Motorsport.com
WRC selects women’s driver development programme...
No description available...
3d ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Referee questioned after Manchester City player avoids...
Paul Merson questioned why Manchester City player Jeremy Doku did not...
1h ago from CaughtOffside.com
Pep Guardiola provides update on Kevin De Bruyne as...
No description available...
1h ago from SportsKeeda.com
Video: Mikel Arteta's wild reaction says it all after...
Mikel Arteta literally pulled the wool over his eyes after he saw his side...
2h ago from CaughtOffside.com
Manchester United to battle Borussia Dortmund to sign...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Brown questioning RB's fastest lap move with Ricciardo at...
McLaren Racing CEO Zak Brown says he will ask... Read More »
1h ago from Racer.com
Red Bull: McLaren pace in F1 Singapore GP was ‘taking...
Red Bull boss Christian Horner has expressed... Read More »
2h ago from MotorsportWeek.com
Hamilton and Russell taken ill after Singapore GP
A physically tough Singapore Grand Prix took its... Read More »
3h ago from RacingNews365.com