News Details
McLaren to go public in two to three years
Bahrain's sovereign wealth fund, Mumtalakat, which has a 60% stake in McLaren, expects the British racing team and supercar maker to go public in two to three years, its chief executive told Reuters on Tuesday. 'The racing team has benefited from the growth and viewership so that side of the business has been doing fantastically well,' Mumtalakat's chief executive Khalid Al Rumaihi said in an interview. 'The automotive side clearly has challenges, but we believe in the company and we think this will be a prime candidate, obviously not at the moment, but in 2 to 3 years for an IPO (initial public offering),' he said. McLaren did not immediately respond to a request for comment when...
Full Story »
Full Story »
1y ago from GrandPrix247.com
0
You May Also Be Interested In...
Ferrari ‘likely' to experience reliability...
Ferrari's season is quickly dwindling into one where they'll be asking...
1y ago from Formula1News.co.uk
Marko says Montreal ‘is our track'
Jun.17 Red Bull is expecting the team's 'high spirits' to get another...
1y ago from OneStopStrategy.com
Mercedes rule change ‘like asking a turkey to...
The Mercedes F1 Team are doing all they can for porpoising to be...
1y ago from Formula1News.co.uk
‘It's kind of a draw now': Marko on Red Bull and...
After a disastrous start to the season with three DNFs between their two...
1y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marquez relishing renewed MotoGP venture with Gresini...
Marc Marquez has expressed that he is relishing his new venture with...
25m ago from MotorsportWeek.c...
Mir unsure "how long my body can take this"...
No description available...
5h ago from Motorsport.com
Why MotoGP’s latest stewarding moan highlights a...
No description available...
1d ago from Motorsport.com
Why Marquez is the key to Pramac's continuation with...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Indy 500: How the two-day qualifying system works in...
No description available...
25m ago from Motorsport.com
Herta speeds to top of Fast Friday charts in Indy 500...
For the second consecutive day, the changeable central Indiana weather...
15h ago from MotorsportWeek.c...
Indy 500 Fast Friday practice halted by Siegel’s...
No description available...
19h ago from Motorsport.com
Siegel, Ericsson set to qualify for Indy 500 with...
Saturday is the first day of qualifying for the 108th running of the...
12h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC's 2025 rule change will create “pretty crap”...
No description available...
2d ago from Motorsport.com
Has the WRC finally turned a corner in its promotion...
No description available...
2d ago from Motorsport.com
Evans feels “new ideas” are required after WRC...
No description available...
3d ago from Motorsport.com
Neuville stunned by almost “impossible” result in...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
The best Premier League games of the 2023-24 season
Sports Mole picks out the best games of the 2023-24 Premier League season,...
45m ago from SportsMole.co.uk
'Should do everything they can to sign him' - Emmanuel...
No description available...
1h ago from SportsKeeda.com
'Sums up the footballing era', 'Richly deserved' -...
No description available...
2h ago from SportsKeeda.com
'I’m still 60/40 that he will go permanently' -...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 champion in huge crash to bring out red flag
A huge smash for Fernando Alonso brought out a... Read More »
2h ago from GPFans.com
Piastri leads Norris as Alonso and Perez crash out of Imola...
Oscar Piastri topped final practice at the... Read More »
1h ago from Racer.com
LIVE: 2024 F1 Emilia Romagna Grand Prix - Qualifying
Follow along with live coverage of qualifying... Read More »
1h ago from RacingNews365.com
