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McLaren Racing considering selling stake to raise funds
McLaren Racing, which oversees the manufacture's involvement in F1 and in IndyCar, is reportedly considering an equity sale to raise funds to help secure its future. A report from Sky News contends that McLaren has initiated discussions about such a plan with its advisers this week, insisting the idea is at "a conceptual stage" and is being weighed alongside alternative funding options such as "raising capital from existing bondholders". Formula 1's current economic downturn sparked by the coronavirus pandemic that has disrupted the 2020 season has hit teams hard, but especially the sport's midfield outfits which must contend with a massive shortfall in revenue. McLaren...
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