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
Carmelo Ezpeleta confident MotoGP will "reach an...
No description available...
6h ago from Motorsport.com
Guenther Steiner puzzled by MotoGP bikes sitting out...
No description available...
7h ago from Motorsport.com
Enea Bastianini blasts MotoGP safety commission and...
Enea Bastianini has criticised the existing MotoGP safety commission by...
7h ago from MotorsportWeek.c...
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar expands Push to Pass availability
The NTT IndyCar Series has announced a change to the series’ Push to...
1d ago from MotorsportWeek.c...
IndyCar officiating board helps shape Push to Pass...
IndyCar’s new Independent Officiating Board has made one of its first...
1d ago from MotorsportWeek.c...
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
1d ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
1d ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
2d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
1w ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal no longer fear falling short and now have...
the space of a week the mood has changed, with positive energy replacing...
42m ago from TheGuardian.com
'Best player in Europe' - Piers Morgan insists Arsenal...
English broadcaster Piers Morgan has insisted that Arsenal midfielder...
1h ago from SportsKeeda.com
Arsenal, Chelsea join race for 24-year-old Man United...
Goncalo Ramos is expected to be on his way out of PSG at the end of the...
2h ago from CaughtOffside.com
Arsenal fans plan trips to Champions League final but...
t;li>Logistics complicated for 30 May showpiece in BudapestArsenal to...
3h ago from TheGuardian.com
Comments
Hottest News
F1 teams just did something the FIA weren't expecting -...
Teams on the F1 2026 grid have reportedly caught... Read More »
2h ago from GPFans.com
Toto Wolff at odds with drivers as F1 war rages off the...
Mercedes F1 team principal Toto Wolff appears to... Read More »
1h ago from GPFans.com
Max Verstappen got 'lucky' at Miami GP - here's why
Four-time F1 champion Max Verstappen has been... Read More »
52m ago from GPFans.com
