News Details
McLaren weighing up funding options including partial F1 team sale
The McLaren Group is reportedly looking at selling part of its Formula 1 operation in order to raise much needed funds in response to the coronavirus pandemic. The British outfit could follow in the footsteps of Williams, which is also exploring ways of raising funds including the sale of a minority/majority stake or a complete sale of the historic team. Although McLaren's financial position is stronger than Williams thanks to better on-track results in recent seasons – albeit still some way off the top teams – and a normally profitable road car business, the pandemic has hit sales hard and pushed McLaren Automotive into a £133m loss for the first quarter of 2020. The pandemic has...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren Racing considering selling stake to raise funds
McLaren Racing, which oversees the manufacture's involvement in F1 and in...
5y ago from F1i.com
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of...
5y ago from PlanetF1.com
McLaren's engine change caused freeze problem
Ross Brawn has said that a flexible token system needed to be created not...
5y ago from PlanetF1.com
McLaren to sell 'minority' stake in team
It is being reported that McLaren is considering selling a 'minority'...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
11h ago from Motorsport.com
Davide Brivio: Trackhouse looking to remain Aprilia's...
Team boss Davide Brivio has revealed that Trackhouse Racing is looking to...
12h ago from MotorsportWeek.c...
Joan Mir fears early silly season could leave MotoGP...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher reveals what has surprised him the...
No description available...
5h ago from Motorsport.com
Jay Frye reflects on IndyCar run one year after...
No description available...
4h ago from Motorsport.com
Honda quick in IndyCar Sebring test, Grosjean tests...
Nearly the entire IndyCar paddock was present at Sebring International...
7h ago from MotorsportWeek.c...
IndyCar Sebring test: Marcus Armstrong leads Day 2,...
No description available...
22h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
1d ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
6d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man City boost as Arsenal suffer fresh injury to star...
Kai Havertz has suffered a fresh muscular injury and is set to be ruled...
57m ago from CaughtOffside.com
Arsenal lead Liverpool in the race to sign 27-year-old...
Arsenal have expressed interest in signing Christian Pulisic from AC...
1h ago from CaughtOffside.com
Arsenal star suffers injury; set to miss key matches -...
Arsenal star Kai Havertz has suffered a muscular injury and is set for a...
1h ago from SportsKeeda.com
Arsenal and Liverpool involved in intense discussions...
Arsenal and Liverpool remain interested in signing Yan Diomande. The...
5h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain Pre-Season 1st Test - Day 1
Follow along with the first day of the first... Read More »
17h ago from RacingNews365.com
Red Bull develops old Adrian Newey trick Aston Martin has...
Technical analyst Paolo Filisetti casts his eye... Read More »
4h ago from RacingNews365.com
'Storage Wars F1' - Fans mock 2026 driver photoshoot
There comes a time where one must sacrifice style... Read More »
1h ago from GPFans.com
