News Details
McLaren exploring funding options amidst financial uncertainty
McLaren is considering various funding options to help the sportscar maker and Formula 1 team owner negotiate the current financial climate, a spokesman said on Thursday. Sky News reported that British-based McLaren was seeking to raise up to 275 million pounds by borrowing against its Woking headquarters and extensive collection of historic racing cars. It quoted sources as saying McLaren, advised by JP Morgan, could raise the money in the form of new bonds with funding secured from existing or new bondholders. A request for a 150 million-pound loan from the government was recently rejected, according to media reports. “Like many other British businesses McLaren has been severely...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Hamilton named the UK's wealthiest sportsperson
Formula 1 driver Lewis Hamilton is officially the richest sportsperson in...
5y ago from GrandPrix247.com
F1 shutdown contributes to Ferrari's 39 Million Q1...
now viewing F1 shutdown contributes to Ferrari's 39 Million Q1 revenue...
5y ago from F1Hub.net
Video: The Magic of the Monaco Historic Grand Prix
Like its modern day counterpart, this year's biennial Monaco Historic...
5y ago from F1i.com
Carey: We could use tracks not on the calendar
Formula 1 could race at circuits not on the current calendar as it seeks...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Maverick Vinales still struggling with injury; to...
No description available...
4h ago from Motorsport.com
Marco Bezzecchi on US GP chances: Marc Marquez’s...
No description available...
5h ago from Motorsport.com
Francesco Bagnaia on Brazilian GP debacle: MotoGP must...
No description available...
5h ago from Motorsport.com
MotoGP chiefs visit Buenos Aires construction site...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
How to watch IndyCar at Barber: Weekend schedule,...
No description available...
4h ago from Motorsport.com
Andretti boss explains Will Power’s steep transition...
No description available...
8h ago from Motorsport.com
IndyCar changes Arlington results, penalizing Kyffin...
No description available...
1d ago from Motorsport.com
Ed Carpenter set for one-off Indy 500 run with...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
9h ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
15h ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Man United plot shock raid on Premier League rivals...
Myles Lewis-Skelly has been linked with a move away from Arsenal at the...
5h ago from CaughtOffside.com
Everton join race as Newcastle push to sign...
Newcastle United are interested in signing the Arsenal defender Ben White...
6h ago from CaughtOffside.com
Arsenal plotting 50m swoop for Frenchman after...
Arsenal are interested in signing the Sunderland midfielder Enzo Le Fee....
7h ago from CaughtOffside.com
Arsenal star Kai Havertz makes stance clear on future...
Arsenal attacker Kai Havertz has opened up on his future at the Emirates...
8h ago from SportsKeeda.com
Comments
Hottest News
FIA confirm 'extensive' Ferrari inspection ahead of...
The FIA have announced the outcome of an... Read More »
4h ago from GPFans.com
FIA storm after Mercedes F1 disqualification verdict
Mercedes admitted ahead of the Japanese Grand... Read More »
3h ago from GPFans.com
Audi F1 driver reacts to team boss departure: 'Oh s***!'
For Nico Hulkenberg, the departure of former Audi... Read More »
2h ago from GPFans.com
