News Details
Brown: McLaren now 'financially healthy' after 2020 woes
McLaren Racing boss Zak Brown says the Woking-based outfit is now safe and sound financially after facing some tough economic challenges in 2020. The McLaren Group as whole was forced to recapitalize itself last year as a result of the global pandemic seriously impacting its automotive sales. But its racing entity had had already refreshed its financial base in late December of 2020 thanks to a sale and leaseback of its McLaren Technology Center and a sale of a significant minority stake to US-based sports investment group MSP Sports Capital which also brought its expertise to the deal. Over twelve months on, McLaren Racing now has a solid financial foundation on which to continue to build...
Full Story »
Full Story »
You May Also Be Interested In...
Brown: McLaren in great shape financially
McLaren have had their fair share of financial troubles recently, but CEO...
3y ago from GrandPrix247.com
McLaren in fantastic financial shape, Brown assures
McLaren Racing CEO Zak Brown made it clear that the Formula 1 team is...
3y ago from PlanetF1.com
Brown: I'd be surprised if there was dominance in 2022
Zak Brown, CEO of McLaren, spoke of his expectations of the 2022 Formula...
3y ago from GrandPrix247.com
Audi to decide on F1 entry by end of first quarter
Volkswagen's Audi will make a decision on whether to enter Formula 1...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pirelli wants to test new MotoGP tyres with 2027 bikes...
No description available...
12h ago from Motorsport.com
Who crashed the most during the 2025 MotoGP season?
No description available...
1d ago from Motorsport.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
2d ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Sunoco makes full-time IndyCar return as primary...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
2d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
3d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...
Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
11h ago from MotorsportWeek.c...
Lancia reveals driver line-up for 2026 WRC return
No description available...
2d ago from Motorsport.com
FIA reveals final details of WRC 2027 regulations
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt blow as Mikel Arteta confirms injury to...
Arsenal manager Mikel Arteta has revealed that Ben White has suffered...
10h ago from SportsKeeda.com
Arteta wants to sign 'amazing' 26-year-old to get the...
Arsenal are reportedly interested in signing the AC Milan attacker Rafael...
13h ago from CaughtOffside.com
Arsenal 2-1 Wolves: Late joy but considerable worry...
Match report – Player ratings – Arteta reaction The game...
14h ago from Arseblog.com
“How bad have we missed him”, “Pray for...
Arsenal fans are delighted to see William Saliba back in the starting XI...
1d ago from SportsKeeda.com
Comments
Hottest News
Exit Max Verstappen pseudonym Franz Hermann and enter new...
Following Max Verstappen's attempts to hide his... Read More »
57m ago from GPFans.com
Helmut Marko takes aim at Red Bull and Christian Horner as...
Check out the biggest stories from Sunday, 14th... Read More »
1h ago from RacingNews365.com
‘Dirty games were played’: Marko opens up on Horner’s...
In the high-stakes world of Formula 1, where... Read More »
11h ago from F1i.com
