News Details
Saudi Arabia's PIF in talks to buy stake in McLaren Group
Saudi Arabia's Public Investment Fund (PIF) and global investment firm Ares Management are in advanced talks to take a 400 million pound ($553 million) stake in the McLaren Group, Sky News reported on Friday. There was no comment from McLaren and PIF was not immediately available for comment. McLaren Group includes the British supercar maker as well as McLaren Racing, which competes in Formula One and IndyCar in the United States and is also entering the Extreme E off-road electric series next year. Sky cited banking sources and said McLaren was set to announce a 550 million pound equity raise, with 400 million of new capital from PIF and Ares and the rest from existing shareholders....
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Live Stream: 2021 Goodwood Festival of Speed
After a hiatus in 2020 the Festival of Speed presented by Mastercard is...
4y ago from MotorsportWeek.com
Horner aims for Red Bull as sports car brand: 'Learned...
After the close partnership between Red Bull and Aston Martin was...
4y ago from GPBlog.com
Horner reveals Red Bull's ambitions as sports car...
After the close partnership between Red Bull and Aston Martin was...
4y ago from GPBlog.com
Alfa Romeo and Sauber sign multi-year agreement
Alfa Romeo and Sauber Motorsport will continue to join forces at the...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia ‘surprised but happy’ ahead of...
Francesco Bagnaia admitted he was “surprised but happy” about the...
22h ago from MotorsportWeek.c...
Fabio Quartararo reveals Yamaha is still “missing...
Fabio Quartararo revealed Yamaha was still “missing quite a lot” from...
2d ago from MotorsportWeek.c...
Why the numbers show Aprilia’s threat to Ducati is...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou’s Indy 500 win immortalized on...
Alex Palou’s likeness has been added to the iconic Borg-Warner Trophy,...
3d ago from MotorsportWeek.c...
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
1w ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
On this day in 1995, Colin McRae became the UK’s...
No description available...
1d ago from Motorsport.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
4d ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal v Tottenham: Premier League – live
t;li>Minute by minute updates on the north London derbyAny notes or...
14m ago from TheGuardian.com
Sources: Man United & Arsenal target midfielder...
Scott McTominay’s resurgence at Napoli under Antonio Conte has not gone...
5h ago from CaughtOffside.com
Insider explains reason why Mikel Arteta has called an...
The Premier League title race took a dramatic twist this weekend as both...
7h ago from CaughtOffside.com
The North London derby takes on extra significance
Morning. The North London derby is always a huge game in the season, but...
7h ago from Arseblog.com
Comments
Hottest News
Adjusted 2025 F1 championship standings after double...
Check out the full F1 championship standings... Read More »
6h ago from RacingNews365.com
McLaren release statement after shock Lando Norris and...
Both McLaren drivers were disqualified from the... Read More »
4h ago from RacingNews365.com
F1 presenter forced to apologise live on air after X-RATED...
Lando Norris' comments after the Las Vegas Grand... Read More »
2h ago from GPFans.com
