News Details
McLaren weighing up funding options including partial F1 team sale
The McLaren Group is reportedly looking at selling part of its Formula 1 operation in order to raise much needed funds in response to the coronavirus pandemic. The British outfit could follow in the footsteps of Williams, which is also exploring ways of raising funds including the sale of a minority/majority stake or a complete sale of the historic team. Although McLaren's financial position is stronger than Williams thanks to better on-track results in recent seasons – albeit still some way off the top teams – and a normally profitable road car business, the pandemic has hit sales hard and pushed McLaren Automotive into a £133m loss for the first quarter of 2020. The pandemic has...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren Racing considering selling stake to raise funds
McLaren Racing, which oversees the manufacture's involvement in F1 and in...
4y ago from F1i.com
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of...
4y ago from PlanetF1.com
McLaren's engine change caused freeze problem
Ross Brawn has said that a flexible token system needed to be created not...
4y ago from PlanetF1.com
McLaren to sell 'minority' stake in team
It is being reported that McLaren is considering selling a 'minority'...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin vs Francesco Bagnaia: MotoGP title...
The 2024 season finale awaits as Jorge Martin holds a 24-point lead over...
5h ago from MotorsportWeek.c...
Marquez feared his "time was over" in final...
No description available...
6h ago from Motorsport.com
How Martin can clinch the 2024 MotoGP title in the...
No description available...
7h ago from Motorsport.com
2024 MotoGP Barcelona Grand Prix – How to watch,...
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
23h ago from MotorsportWeek.c...
The testing parity problems plaguing the most...
No description available...
22h ago from Motorsport.com
Chip Ganassi Racing announces driver development...
Chip Ganassi Racing has launched a new driver development program, which...
5d ago from MotorsportWeek.c...
Shwartzman makes IndyCar switch with Prema for 2025
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
2d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool ready to hijack long-term Arsenal target...
Liverpool have identified Ajax defender Jorrel Hato as a top target for...
1h ago from CaughtOffside.com
New injury: key Arsenal starter has knee procedure...
Arsenal have been handed a fresh injury blow as Ben White has undergone a...
1h ago from CaughtOffside.com
Arsenal games Ben White could miss as 27-year-old...
Arsenal defender Ben White reportedly undergoes an operation to resolve a...
46m ago from SportsMole.co.uk
Arsenal eyeing up move for ex-Liverpool target next...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Norris mistakes explored as bizarre Alonso fact revealed
Join Nick Golding, Ian Parkes and Sam Coop as the... Read More »
1h ago from RacingNews365.com
Aston Martin's wretched 2024 season made Dan Fallows' F1...
Aston Martin has announced that Dan Fallows will... Read More »
46m ago from MotorsportWeek.com
Vasseur sheds light on timing of Hamilton’s debut with...
Formula 1 fans eager to see Lewis Hamilton in red... Read More »
1h ago from F1i.com
