News Details
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of selling a minority stake in their Formula 1 team in a bid to raise funds. McLaren's particular financial struggles throughout the extended hiatus due the global health crisis have been well documented over the last few months. McLaren Group reported a revenue loss of £175million in the first quarter of 2020 and are set to make 1,200 staff redundant as a cost-saving measure, with around 70 members of staff to leave the Formula 1 team. The company has also seen a £150m loan request rejected by the UK government whilst there was also a suggestion of them mortgaging their classic Formula 1 cars and factory. But now another...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Ricciardo: 'I'm in that top group that can beat...
Daniel Ricciardo claims his membership to a limited group of F1 drivers...
5y ago from F1i.com
Report: Azerbaijan, Singapore and Japanese Grand Prix...
Formula 1 is reportedly set to cancel the Azerbaijan, Singapore and...
5y ago from GrandPrix247.com
Portuguese Grand Prix double-header set for 2020...
The Portuguese Grand Prix could return to F1 in 2020 with a double-header...
5y ago from PlanetF1.com
Ricciardo: I'm part of that elite F1 group
Daniel Ricciardo says he is part of that small group of F1 drivers who...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media given “unconditional” green light...
No description available...
59m ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
1h ago from MotorsportWeek.c...
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
2h ago from MotorsportWeek.c...
The winners and losers from MotoGP's Italian Grand Prix
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
17h ago from Motorsport.com
Santino Ferrucci hangs on for Road America podium,...
No description available...
18h ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
18h ago from MotorsportWeek.c...
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
18h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
5d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsecast Extra Episode 645 – 23.06.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
3h ago from Arseblog.com
Report: Arsenal have new first choice striker target,...
Arsenal have been trying to sign a striker for several windows, and the...
3h ago from FreshArsenal.com
“He is guaranteed goals” - William Gallas tells...
Pundit William Gallas has urged Arsenal to snub their latest transfer...
7h ago from SportsKeeda.com
The summer of chaff
Morning all. After a couple of weeks of travelling it's time to get my...
9h ago from Arseblog.com
Comments
Hottest News
Toto Wolff delivers ‘ruthless’ warning to Mercedes F1...
Mercedes Team Principal Toto Wolff has warned... Read More »
59m ago from MotorsportWeek.com
The rich get richer: Wolff’s highly profitable 2024 F1...
Mercedes Formula 1 boss Toto Wolff received a... Read More »
49m ago from GrandPrix247.com
Should McLaren prioritise Oscar Piastri over Lando Norris?
Oscar Piastri holds a 22-point advantage over... Read More »
58m ago from RacingNews365.com
