News Details
McLaren Group receive £550m in new investment
McLaren Group are set for a £550m injection of capital, most of it via the sale of a stake in the company to the Saudi Public Investment Fund (PIF). Sky News report the equity raise could be announced in a matter of days, with £400m of it being new capital from PIF and Ares Management, a major global investment firm. The remaining £150m would come from McLaren’s existing shareholders who include Mumtakalat, the sovereign investment fund of Bahrain. The deal – the basis of which appeared to be confirmed by Zak Brown, the McLaren Racing CEO – would further solidify McLaren’s financial position which took a big hit at the start of the global pandemic. Positive news for our...
Full Story »
Full Story »
2y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren Group gets £550m investment from Saudi Arabia
The McLaren Group is set to receive a timely influx of cash from Saudi...
2y ago from F1i.com
Saudi Arabia's PIF in talks to buy stake in McLaren...
Saudi Arabia's Public Investment Fund (PIF) and global investment firm...
2y ago from GrandPrix247.com
Saudi Arabia contributes to £550m investment in...
The McLaren Group has raised £550 million in new investment which will...
2y ago from MotorsportWeek.com
McLaren raises £550m in new investment
McLaren has confirmed that numerous investors have injected a further...
2y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
The lengths Ducati must show it is willing to go to...
No description available...
2h ago from Motorsport.com
"Super heavy" Yamaha still giving its MotoGP...
No description available...
4h ago from Motorsport.com
Marquez "gave up" and accepted podium defeat...
No description available...
21h ago from Motorsport.com
Martin blames tyre pressure rule for lack of action in...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Detroit – Race Results
The NTT IndyCar Series held a race on the streets of Detroit this weekend,...
17h ago from MotorsportWeek.c...
Ericsson: I’ve “reset” my season with runner-up...
No description available...
15h ago from Motorsport.com
How Herta’s Detroit ‘Hail Mary’ almost derailed...
No description available...
14h ago from Motorsport.com
Dixon wins crash-filled IndyCar Detroit GP
IndyCar romped around the streets of Detroit this weekend, and it was...
17h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ott Tanak takes victory by two-tenths!
In a final twist of fate, Ott Tanak and Martin Jarveloja won WRC Rally...
1d ago from MotorsportWeek.c...
Ogier: “S*** happens” after losing WRC Sardinia...
No description available...
20h ago from Motorsport.com
Tanak: Surprise Sardinia WRC win “really cruel” on...
No description available...
21h ago from Motorsport.com
WRC Rally Sardinia: Tanak snatches stunning win from...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer rumours: Who could join this summer?...
Sports Mole rounds up every player linked with joining Arsenal this...
44m ago from SportsMole.co.uk
Potential Arsenal boost as Chelsea cool transfer...
Arsenal may have been handed a boost in their rumoured pursuit of the...
44m ago from CaughtOffside.com
Exclusive: Emery makes Watkins sale position clear as...
Aston Villa are looking to build on their Champions League qualification...
1h ago from CaughtOffside.com
Arsenal transfer rumours: Who could leave this summer?...
Sports Mole rounds up every player linked with leaving Arsenal this...
1h ago from SportsMole.co.uk
Comments
Hottest News
Aston Martin star makes 'RETIRE forever' threat
An Aston Martin star has threatened to ‘retire... Read More »
3h ago from GPFans.com
Breaking: Alpine confirm Ocon exit from F1 team
Esteban Ocon's future within the Alpine team has... Read More »
2h ago from RacingNews365.com
Newey given lucrative 'offer' by SHOCK F1 team in huge blow...
Adrian Newey has reportedly been offered a... Read More »
6h ago from GPFans.com
