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 »
5y 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...
5y 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...
5y 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...
5y 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...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
7h ago from MotorsportWeek.c...
22 MotoGP rounds are “too many for the body”,...
No description available...
8h ago from Motorsport.com
MotoGP circuit contracts: How long will each race...
No description available...
1d ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
6d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
2d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
3d ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Mikel Arteta eyes rising star as next big Arsenal...
Arsenal are hoping to sign the AC Milan defender, Davide Bartesaghi. The...
2h ago from CaughtOffside.com
Barcelona ready to pounce if Arsenal snub £45 million...
Barcelona are looking to improve the defensive unit, and they are keeping...
2h ago from CaughtOffside.com
Wage demand sparks transfer frenzy, Arsenal want...
Juventus attacker Kenan Yildiz continues to be with the move away from the...
3h ago from CaughtOffside.com
'We have to show that on the pitch' - Arsenal star...
William Saliba has opened up on Arsenal potentially winning the Premier...
6h ago from SportsKeeda.com
Comments
Hottest News
Carlos Sainz's father speaks out on Ferrari replacing son...
Carlos Sainz's father and two-time World Rally... Read More »
2h ago from GPFans.com
F1 champion reveals moment he passed his peak and never...
Four-time F1 world champion Sebastian Vettel has... Read More »
4h ago from GPFans.com
McLaren cashes in on the future, as 2026 F1 car sells for...
McLaren have always liked to do things quickly.... Read More »
3h ago from F1i.com
