News Details
McLaren poised to sell stake in deal worth £560m
McLaren are set to sell an initial 15 per cent stake in their Formula 1 team to a group of US investors, with the deal expected to be confirmed prior to the Abu Dhabi Grand Prix. McLaren's quest for additional funding has been no secret throughout the 2020 season, especially when the initial Formula 1 campaign was put on hold due to the global health pandemic which put financial strain on all teams. Back in May, McLaren Group announced they were going to cut 1,200 staff numbers from its operation (around 70 of which came from the Formula 1 team) and, soon after, also secured a £150million loan from National Bank of Bahrain after their initial approach to the UK government was rejected....
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren sell stake to US investment company
Abu Dhabi Grand Prix – McLaren are selling a big stake in their...
4y ago from FormulaSpy.com
US investors set to buy stake in McLaren F1 team
A consortium of US-based investors are set to acquire a 15 per cent...
4y ago from MotorsportWeek.com
McLaren set to sell big stake in F1 team to US...
McLaren are set to sell a big stake in their Formula 1 team to a US-based...
4y ago from GPBlog.com
McLaren reportedly selling minority stake in F1 team
McLaren are selling a minority stake in their Formula 1 team to a...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia preparing test for Jorge Martin ahead return...
Aprilia is prepared to organise a special test for MotoGP World Champion...
18h ago from MotorsportWeek.c...
Why Assen Moto2 winner Diego Moreira is in pole...
No description available...
19h ago from Motorsport.com
Jorge Martin continues dispute with Aprilia over 2026...
Reigning MotoGP World Champion Jorge Martin has continued his 2026...
1d ago from MotorsportWeek.c...
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
1d ago from MotorsportWeek.c...
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
6d ago from MotorsportWeek.c...
Where does Santino Ferrucci see his first IndyCar win...
No description available...
5d ago from Motorsport.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
22h ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
1d ago from Motorsport.com
Why Ott Tanak feared final stage drama could cost his...
No description available...
3d ago from Motorsport.com
WRC Acropolis Rally: Ott Tanak ends Hyundai’s...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Chloe day, Martin day + more striker stuff which makes...
Well, turns out yesterday was not Martin Zubimendi day. It was Chloe Kelly...
22m ago from Arseblog.com
Fabrizio Romano: Arsenal have completed deal for...
After completing the signing of Kepa earlier this week, Arsenal have now...
9h ago from FreshArsenal.com
Arsenal will look to improve squad if they can offload...
Arsenal will only dip into the transfer market for a left-sided attacker...
8h ago from SportsKeeda.com
'Would be going against the grain of what Chelsea are...
Former Chelsea defender Frank Sinclair reckons the Blues would be making a...
10h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Verstappen exit clause 'active' as Red Bull...
Max Verstappen’s supposed 'exit clause' at Red... Read More »
1h ago from GPFans.com
Max Verstappen 'says YES' to Mercedes F1 deal as Red Bull...
Four-time champion Max Verstappen has allegedly... Read More »
22m ago from GPFans.com
Sky Sports drops F1 bombshell: Verstappen says ‘Yes’ to...
Max Verstappen is reportedly on the brink of a... Read More »
20h ago from F1i.com
