News Details
UK government rejects £150m McLaren loan request
The UK government has rejected a £150million loan request from the McLaren Group - which owns the McLaren Formula 1 team - to help it through the ongoing COVID-19 pandemic. According to a report by Sky News, McLaren saw its funding plea rejected earlier this week and was informed of the decision by the Department for Business, Energy and Industrial Strategy. The McLaren Group is understood to have been seeking a commercial loan from the taxpayer for funds from the government, which is also holding talks with other big companies including Virgin Atlantic, which announced it is to cut more than 3,000 jobs in the UK due to the coronavirus crisis which has placed great strain on the airline...
Full Story »
Full Story »
You May Also Be Interested In...
UK government reject £150m loan request from McLaren
McLaren Group, owners of the McLaren Formula 1 team, has had a loan...
5y ago from PlanetF1.com
Old man Piquet leads the way against COVID-19
Three-time F1 world champion Nelson Piquet is setting the example in...
5y ago from F1i.com
Hungarian government rules out August 2 Grand Prix
A directive from the Hungarian government banning large public events...
5y ago from F1i.com
COVID-19: NASCAR to return in May
NASCAR will be the first major sport in the United States to return to...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
19h ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
1d ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
2d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
15h ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
14h ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
1d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Manchester City...
Real Madrid travel to the Tivoli Stadion Tirol on Tuesday, August 12, to...
25m ago from SportsKeeda.com
Arsecast Extra Episode 653 – 11.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
16h ago from Arseblog.com
Terms agreed: Arsenal close in on marquee signing...
Arsenal manager Mikel Arteta plans to continue his transfer business with...
20h ago from CaughtOffside.com
“I’d agree” - Alan Shearer and Gary Lineker say...
Alan Shearer and Gary Lineker believe that Viktor Gyokeres' arrival might...
18h ago from SportsKeeda.com
Comments
Hottest News
'Things change,' claims Coulthard as he reflects on...
Former Red Bull driver David Coulthard claims... Read More »
2h ago from F1Technical.net
Former Ferrari star tipped to replace Lewis Hamilton in...
Lewis Hamilton has been tipped to be replaced by... Read More »
11h ago from GPFans.com
Lewis Hamilton admits he was caught out by Ferrari...
Seven-time F1 world champion Lewis Hamilton has... Read More »
9h ago from GPFans.com
