News Details
McLaren to put its £200m factory up for sale
McLaren is set to put its Formula 1 and automotive factories up for sale in a bid to secure much needed funds as a result of the coronavirus pandemic. McLaren's financial position has been on rocky ground since March, with the British company seeking to raise hundreds of millions to strengthen its balance sheet in light of the coronavirus pandemic, which has hit sales of its sportscars, whilst Formula 1 income has also been dented. Earlier this year McLaren managed to raise hundreds of millions of pounds in equity from existing shareholders, as well as secruing a £150 million loan from the National Bank of Bahrain. Now it is seeking to raise around £200m by selling its famous Woking...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren's Woking headquarters up for sale
McLaren's iconic Technology Centre in Woking has been up for sale, as the...
5y ago from FormulaSpy.com
McLaren put headquarters up for sale in fundraising...
McLaren has listed their famed Woking headquarters for sale in a bid to...
5y ago from GrandPrix247.com
Williams CEO O'Driscoll to retire following team's sale
Williams’ Chief Executive Officer Mike O’Driscoll is to retire from...
5y ago from MotorsportWeek.com
McLaren planning sale and leaseback of Woking MTC
The McLaren Group is reportedly seeking a sale and leaseback of its...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Why Valentino Rossi is putting pressure on Ducati over...
No description available...
36m ago from Motorsport.com
Fermin Aldeguer to miss the Sepang test, but won't...
No description available...
3h ago from Motorsport.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
2d ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
3d ago from MotorsportWeek.c...
IndyCar penalizes Abel Motorsports for rig testing
No description available...
2d ago from Motorsport.com
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
3d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
More than 10 tuners interested in joining WRC under...
No description available...
2h ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
22h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
1d ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
“Put that on my name!” - Tottenham star insists...
Tottenham Hotspur midfielder Dejan Kulusevski has maintained that Arsenal...
1h ago from SportsKeeda.com
“I don’t want him to be ‘Mr. Nice Guy’...
Former Arsenal midfielder Emmanuel Petit has urged Declan Rice to be more...
2h ago from SportsKeeda.com
Arsenal latest: Odegaard calls for togetherness after...
No description available...
2h ago from SkySports.com
Arsecast Extra Episode 678 – 26.01.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
3h ago from Arseblog.com
Comments
Hottest News
F1 News Today: Adrian Newey ‘furious’ as McLaren unveil...
Aston Martin team principal Adrian Newey is... Read More »
56m ago from GPFans.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 1
The first day of on-track action for F1 in 2026... Read More »
7h ago from RacingNews365.com
2026 F1 Barcelona Pre-Season Test - Day 1 morning results
See the morning results from the first day of... Read More »
4h ago from RacingNews365.com
