News Details
UK government reject £150m loan request from McLaren
McLaren Group, owners of the McLaren Formula 1 team, has had a loan request of £150million rejected by the UK government. As first reported by Sky News, McLaren Group had turned to the UK government for financial support to help protect the company through these turbulent times during the global health crisis. McLaren were the first Formula 1 team to use the government's furlough scheme, while both Carlos Sainz and Lando Norris, plus senior management, have taken pay cuts as a protective measure. With no Formula 1 racing since December 2019 and none on the horizon until potentially the start of July, all teams are feeling the pinch. The estimated lost revenue with each postponed race is...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Hungarian government rules out August 2 Grand Prix
A directive from the Hungarian government banning large public events...
5y ago from F1i.com
MotoGP submits official request to start the season at...
Formula 1 is busy planning for the start of the season at the beginning...
5y ago from GPBlog.com
Doubts form over Hungarian GP due to government...
The start of the 2019 Hungarian Grand Prix The prospect of the Formula 1...
5y ago from SpeedCafe.com
Spa waiting for government 'green light'
May 7 Spa-Francorchamps is waiting for the "green light from the...
5y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
23h ago from MotorsportWeek.c...
Rain spoils debut of Honda’s 850cc engine in Sepang...
No description available...
1d ago from Motorsport.com
Brad Binder admits he “can do a lot better” after...
No description available...
23h ago from Motorsport.com
Davide Tardozzi dismisses “absurd” rumours about...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
3d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
4d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
22h ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
4d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal conceding late goals is not a defence issue -...
Another fright before Christmas. Arsenal never seem to do it the easy way.
2h ago from SkySports.com
Arsenal latest: Kepa ready for Chelsea reunion in...
No description available...
2h ago from SkySports.com
‘This is something he is never going to forget’:...
ayo Saka and Gabriel Magalhães among those playing games with children,...
5h ago from TheGuardian.com
Arsenal 1-1 Crystal Palace (8-7 pens): Own goal, late...
Match report – Player ratings – Arteta reaction – Quotes...
5h ago from Arseblog.com
Comments
Hottest News
Which F1 team is best placed to end McLaren dominance in...
McLaren crushed the opposition in F1 during the... Read More »
48m ago from RacingNews365.com
How Max Verstappen has ‘blown away' new Red Bull F1...
Red Bull boss Laurent Mekies has heaped praise... Read More »
2h ago from MotorsportWeek.com
Norris reveals the quirky private moment his F1 title...
Lando Norris had just done the hardest thing in... Read More »
28m ago from F1i.com
