News Details

Audi reportedly acquires McLaren Group - secures entry into F1!

Audi has allegedly acquired the entire McLaren Group according to a report published on Monday by Autocar, a deal that secures Germany automotive company's entry into Formula 1. The McLaren Group which includes McLaren Racing has struggled financially in the past 18 months as sales of its automotive division bear the brunt of the global Covid pandemic. Since 2020, the group has undergone several capital raises and financial restructuring initiatives, receiving last summer a £550 million injection from new and existing shareholders, including from investment firm Ares Management Corporation and Saudi Arabia's Public Investment Fund. ©SeanBullDesign The recapitalization move was conducted...
Full Story »
3y ago from F1i.com 0
Share

You May Also Be Interested In...

Audi reportedly buy out entire McLaren Group

A report from Autocar has claimed that Audi have secured an entry into...
3y ago from PlanetF1.com

Audi rumored to be mulling a bid for McLaren!

Volkswagen brands Audi and Porsche are set to decide their future in F1...
3y ago from F1i.com

'Audi seeks takeover of F1 team McLaren'

Both BMW and Audi are said to be aiming at a takeover of McLaren. That is...
3y ago from GPBlog.com

‘No McLaren interest in takeover from Audi'...

An Audi takeover of McLaren is “the hottest rumour in the paddock”...
3y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Detroit GP expected to remain downtown amid potential...

Following the conclusion of the Detroit Grand Prix, organizers have...

Louis Foster reveals likely cause of scary 180MPH...

On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...

Popular On TotalWRC.com

Redemption for Ogier

One year on from losing victory on the final stage of Rally Italia...

Popular On GunnersToday.com

Manchester United and Arsenal handed boost as striker...

Manchester United and Arsenal have received a boost in their pursuit of...
5h ago from SportsKeeda.com

Martin Zubimendi considering snubbing move to Arsenal...

Real Sociedad star Martin Zubimendi is considering rejecting Arsenal in...
9h ago from SportsKeeda.com

PSG president recalls Luis Enrique's bold prediction...

Paris Saint-Germain (PSG) boss Luis Enrique was confident of winning the...
10h ago from SportsKeeda.com

Xabi Alonso to inform Real Madrid veteran that he's no...

Real Madrid manager Xabi Alonso is all set to inform David Alaba that he...
9h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.