News Details
McLaren considering selling minority stake in F1 team
McLaren are considering selling a minority stake in their Formula 1 team due to financial pressures amidst the COVID-19 pandemic, it has been reported. Per Sky News, the proposal is at a ‘conceptual stage’ alongside other options, including raising capital from existing bondholders. There was no immediate comment from McLaren. Bahrain’s Mumtalakat holding company is the majority shareholder in McLaren Group, with a 56% stake, followed by the TAG Group led by Saudi-born businessman Mansour Ojjeh with 14%. Canadian businessman Michael Latifi acquired a stake of around 10% in 2018. McLaren finished fourth overall last season with Spaniard Carlos Sainz, who is joining Ferrari next year,...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of...
5y ago from PlanetF1.com
Website admits Marko comment that incensed Hamilton...
A sports website has admitted that a quote it attributed to Helmut Marko...
5y ago from F1i.com
Renault F1 Team begins selling face masks
The Renault F1 Team has begun selling face masks The Renault F1 Team has...
5y ago from SpeedCafe.com
F1 still considering new venues and alternative layouts
Formula One is still considering holding races at venues not on the...
5y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: Mugello MotoGP win ‘unexpected'...
Factory Ducati rider Marc Marquez branded his Mugello MotoGP win as...
1h ago from MotorsportWeek.c...
Francesco Bagnaia admits it is impossible to think...
No description available...
18h ago from Motorsport.com
Marc Marquez and Francesco Bagnaia called to MotoGP...
No description available...
18h ago from Motorsport.com
Why late podium charge against Francesco Bagnaia gave...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
13h ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
14h ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
14h ago from Motorsport.com
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
13h 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...
4d 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
“He is guaranteed goals” - William Gallas tells...
Pundit William Gallas has urged Arsenal to snub their latest transfer...
3h ago from SportsKeeda.com
The summer of chaff
Morning all. After a couple of weeks of travelling it's time to get my...
5h ago from Arseblog.com
Arsenal receive boost in Rodrygo chase as sources...
Arsenal remain firmly interested in signing Real Madrid forward Rodrygo...
14h ago from FreshArsenal.com
Arsenal end talks to sign £70 million-rated star...
Arsenal have reportedly decided to end talks with Benjamin Sesko. The...
14h ago from SportsKeeda.com
Comments
Hottest News
F1: Bottas in cryptic Cadillac social media post
Valtteri Bottas has posted a cryptic video on... Read More »
2h ago from Pitpass.com
Why Charles Leclerc thinks perception of Ferrari's 2025 F1...
Charles Leclerc has contended that the progress... Read More »
1h ago from MotorsportWeek.com
Ferrari confirm Austrian GP first practice driver...
Dino Beganovic will deputise for Charles Leclerc... Read More »
54m ago from RacingNews365.com
