News Details
Money Must Roll: McLaren Group 643 million euros richer after capital injection
McLaren is having a fantastic season so far and is in a great third place in the battle for the Constructors' Championship. The battle with Ferrari this season is fierce and far from decided, but everything currently speaks in favor of Lando Norris, Zak Brown and his team. On top of that, McLaren will get a large capital injection. The McLaren Group, the parent company of McLaren F1, will receive an amount of 550 million British pounds (643 million euros), so the future of the company is secured for the time being. Read more Verstappen on 2022 car: 'Think we're a long way from IndyCar' The majority of the money (400 million pounds) comes from a public investment fund from Saudi Arabia...
Full Story »
Full Story »
2y ago from GPBlog.com
0
You May Also Be Interested In...
Brown: No excuses for McLaren come the 2024 season
McLaren CEO Zak Brown has said that the 'excuses' for not being title...
2y ago from GrandPrix247.com
Brown sets 2024 'no excuses' target for McLaren wins
McLaren CEO Zak Brown says that the team will have no excuses if it isn't...
2y ago from F1i.com
Brown: Ricciardo knows where he needs to improve, no...
McLaren need Daniel Ricciardo to get on top of his game if they are to...
2y ago from GrandPrix247.com
Brown: Ricciardo knows he needs to improve, no excuses
McLaren boss Zak Brown says Daniel Ricciardo has no excuses not to...
2y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Could Acosta get a Verstappen-like mid-season...
No description available...
30m ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
1d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
23h ago from Motorsport.com
Martin believes Bagnaia still ‘the favourite'...
Current MotoGP championship leader Jorge Martin pinpoints Francesco...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren confirms Pourchaire for Barber...
No description available...
30m ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
20m ago from MotorsportWeek.c...
Pourchaire eager for more IndyCar after “amazing”...
No description available...
19h ago from Motorsport.com
Palou plans to study how Dixon made race-winning fuel...
In IndyCar’s Grand Prix of Long Beach held last Sunday, Scott Dixon took...
18h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
23h ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
1d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Ogier's last-gasp Croatia Rally victory on surprising...
There had been no major incident on WRC Croatia for 17 stages. That...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal to face tough competition from Manchester City...
No description available...
1h ago from SportsKeeda.com
'I heard the rumours' – Chelsea & Arsenal...
Despite being frequently linked with the likes of Chelsea and Arsenal, it...
1h ago from CaughtOffside.com
'Contacts are positive' – Journalist talks up...
Arsenal seem to be showing an interest in the potential transfer of...
2h ago from CaughtOffside.com
Arsenal, Manchester City or Liverpool? Spurs star Yves...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Ferrari set for big-money F1 title sponsor deal
Apr.23 Ahead of Lewis Hamilton's arrival at... Read More »
5h ago from OneStopStrategy.com
Russell offers ‘simple’ solution to end Mercedes misery
Mercedes is aiming to make improvements to its... Read More »
4h ago from RacingNews365.com
Ferrari poach Mercedes sponsor to match huge Red Bull deal...
Ferrari is about to secure a new title sponsor... Read More »
3h ago from RacingNews365.com