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 »
5y 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...
5y ago from PlanetF1.com
Website admits Marko comment that incensed Hamilton...
A sports website has admitted that a quote it attributed to Helmut Marko...
5y 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...
5y ago from SpeedCafe.com
F1 still considering new venues and alternative layouts
Formula One is still considering holding races at venues not on the...
5y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP’s 2026 pre-season schedule is still up in the...
No description available...
12h ago from Motorsport.com
Pedro Acosta reveals how ‘disaster’ Saturday...
Pedro Acosta revealed “KTM is improving in every race” after taking...
14h ago from MotorsportWeek.c...
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
1d ago from Motorsport.com
Marc Marquez: ‘Not normal to win every weekend’...
Marc Marquez admits “it’s not normal to win every weekend” despite...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Chip Ganassi shuts down Alex Palou and Red Bull F1...
No description available...
8h ago from Motorsport.com
IndyCar partners with iRacing for standalone video...
The NTT IndyCar Series will feature in a new branded video game title,...
6h ago from MotorsportWeek.c...
Mother Nature helped, but Christian Rasmussen was the...
No description available...
1d ago from Motorsport.com
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
5d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Kai Havertz ruled out of Arsenal and Germany games and...
t;li>Forward sustained knee injury at Manchester UnitedArsenal must...
18h ago from TheGuardian.com
'He's got ability where you just can't teach it' -...
Arsenal hero Theo Walcott has compared teenager Max Dowman to Barcelona...
14h ago from SportsKeeda.com
“I’m not convinced anyway” - Emmanuel Petit...
Arsenal legend Emmanuel Petit believes that it will be tough for Mikel...
17h ago from SportsKeeda.com
Report: Arsenal make enquiry for 18-year-old attacker...
Arsenal have been linked with the move for the Fluminense attacking...
8h ago from CaughtOffside.com
Comments
Hottest News
Champion tipped for SHOCK Red Bull move
Red Bull are keen on signing a world champion... Read More »
11h ago from GPFans.com
Power unit: How many power unit components do drivers still...
With the three-week summer break slowly drawing... Read More »
3h ago from F1Technical.net
Stella pinpoints 'the rate of progress' as McLaren's main...
On the back of an utterly dominant showing in the... Read More »
12m ago from F1Technical.net
