News Details
McLaren Racing considering selling stake to raise funds
McLaren Racing, which oversees the manufacture's involvement in F1 and in IndyCar, is reportedly considering an equity sale to raise funds to help secure its future. A report from Sky News contends that McLaren has initiated discussions about such a plan with its advisers this week, insisting the idea is at "a conceptual stage" and is being weighed alongside alternative funding options such as "raising capital from existing bondholders". Formula 1's current economic downturn sparked by the coronavirus pandemic that has disrupted the 2020 season has hit teams hard, but especially the sport's midfield outfits which must contend with a massive shortfall in revenue. McLaren...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren considering selling minority stake in F1 team
McLaren are considering selling a minority stake in their Formula 1 team...
5y ago from GrandPrix247.com
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of...
5y ago from PlanetF1.com
McLaren to sell 'minority' stake in team
It is being reported that McLaren is considering selling a 'minority'...
5y ago from Pitpass.com
Marko reportedly fuming over Renault test at Red Bull...
Red Bull motorsport boss Helmut Marko is reportedly unhappy with Renault...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
7h ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
11h ago from MotorsportWeek.c...
Renovations begin at Goiania after MotoGP's...
No description available...
12h ago from Motorsport.com
Why Alex Marquez has been struggling in MotoGP this...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar: A closer look at Mick Schumacher's true pace
No description available...
28m ago from Motorsport.com
Will Power's father okay after wrestling with armed...
No description available...
4h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
9h ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
11h ago from Motorsport.com
Storm damage forces changes to WRC Rally Islas...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Report: Man City now in pole position to beat Man...
Manchester City are reportedly confident they have won the race to sign...
1h ago from CaughtOffside.com
'Unsellable' Bundesliga star on Arsenal wishlist, 45...
Arsenal are interested in signing the Bayer Leverkusen playmaker Malik...
3h ago from CaughtOffside.com
Sporting v Arsenal: Champions League quarter-final...
Champions League updates from 8pm BST<br>⚽ <a...
3h ago from TheGuardian.com
'I'm going to sleep', 'We are actually cooked' - Fans...
Arsenal fans are conveying their concerns on X after Mikel Arteta included...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 champion 'did a Verstappen' and kicked top BBC insider...
A former F1 world champion has opened up on a... Read More »
1h ago from GPFans.com
Lewis Hamilton love match 'inspiring' as F1 legend claps...
Lewis Hamilton has clapped back at his F1 critics... Read More »
38m ago from GPFans.com
George Russell facing brand new Lewis Hamilton threat at...
A new threat has presented itself to George... Read More »
58m ago from GPFans.com
