News Details
McLaren Group receive £550m in new investment
McLaren Group are set for a £550m injection of capital, most of it via the sale of a stake in the company to the Saudi Public Investment Fund (PIF). Sky News report the equity raise could be announced in a matter of days, with £400m of it being new capital from PIF and Ares Management, a major global investment firm. The remaining £150m would come from McLaren’s existing shareholders who include Mumtakalat, the sovereign investment fund of Bahrain. The deal – the basis of which appeared to be confirmed by Zak Brown, the McLaren Racing CEO – would further solidify McLaren’s financial position which took a big hit at the start of the global pandemic. Positive news for our...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren Group gets £550m investment from Saudi Arabia
The McLaren Group is set to receive a timely influx of cash from Saudi...
4y ago from F1i.com
Saudi Arabia's PIF in talks to buy stake in McLaren...
Saudi Arabia's Public Investment Fund (PIF) and global investment firm...
4y ago from GrandPrix247.com
Saudi Arabia contributes to £550m investment in...
The McLaren Group has raised £550 million in new investment which will...
4y ago from MotorsportWeek.com
McLaren raises £550m in new investment
McLaren has confirmed that numerous investors have injected a further...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
18h ago from Motorsport.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
22h ago from MotorsportWeek.c...
MotoGP riders reveal first laps of new Balaton Park...
No description available...
23h ago from Motorsport.com
Luca Marini signs contract extension with Honda ahead...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
13h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
19h ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
1d ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
17h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Piero Hincapie signs + full summer transfer window...
Morning. The transfer window of summer 2025 closed yesterday, and as...
37m ago from Arseblog.com
Arsenal complete Hincapie loan deal
Arsenal have completed a deal with Bayer Leverkusen to sign Piero Hincapie...
12h ago from SkySports.com
Report: Arsenal pull off double deal on deadline day...
Arsenal outcasts Albert Sambi Lokonga and Fabio Vieira are now joining...
14h ago from CaughtOffside.com
Arsenal's hectic Deadline Day completes...
Arsenal's busy transfer window ended with an eighth signing in defender...
12h ago from SkySports.com
Comments
Hottest News
Naomi Schiff delivers parting message after final Sky...
Sky Sports F1 pundit Naomi Schiff delivered a... Read More »
37m ago from GPFans.com
Toto Wolff confirms Mercedes F1 2026 driver lineup as major...
Toto Wolff has confirmed Mercedes’ F1 driver... Read More »
1h ago from GPFans.com
Upbeat Hamilton determined to ‘recover lost points’ at...
Lewis Hamilton left Zandvoort empty-handed after... Read More »
37m ago from F1i.com
