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
The winners and losers from MotoGP pre-season testing
No description available...
9h ago from Motorsport.com
Martin will “definitely" race in MotoGP’s...
No description available...
12h ago from Motorsport.com
Brad Binder: KTM making ‘small steps' to improve...
Brad Binder says KTM have made “some small steps” in the final MotoGP...
13h ago from MotorsportWeek.c...
Pitbull is no longer a co-owner of Trackhouse Racing
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay locks down the last open IndyCar seat
No description available...
1d ago from Motorsport.com
Rinus VeeKay fills IndyCar’s last open seat with...
Dale Coyne Racing has announced that Rinus VeeKay will drive for the team...
1d ago from MotorsportWeek.c...
Doug Boles named IndyCar President in leadership...
The NTT IndyCar Series announced on Tuesday morning that longtime...
4d ago from MotorsportWeek.c...
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
6h ago from MotorsportWeek.c...
How Toyota plans to manage Rally Sweden grandstand...
No description available...
5h ago from Motorsport.com
“Messy” startline incident dents Fourmaux’s...
No description available...
12h ago from Motorsport.com
Elfyn Evans clings on to Rally Sweden lead
Elfyn Evans and Scott Martin lost the lead of Rally Sweden twice, once to...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Keown apologises to Van Nistelrooy for infamous Old...
No description available...
2h ago from TheGuardian.com
Where does record-breaker Ederson rank? Top nine...
Following Ederson's record-breaking assist for Manchester City, Sports...
2h ago from SportsMole.co.uk
Arsenal given answer on Diego Costa free agent signing...
Arsenal should not be considering an audacious move for Diego Costa or...
3h ago from SportsMole.co.uk
'Straight away it was one of his reactions' - Mikel...
No description available...
4h ago from SportsKeeda.com
Comments
Hottest News
Sainz evaluates Hamilton at Ferrari as ex-F1 boss lashes...
Check out the biggest stories from Saturday 15th... Read More »
4h ago from RacingNews365.com
Piastri outlines McLaren sparring rules ahead of new F1...
Lando Norris and Oscar Piastri went... Read More »
5h ago from RacingNews365.com
2025 Jeddah E-Prix II – results
Check out the full results from the 2025 Formula... Read More »
6h ago from RacingNews365.com
