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
Davide Tardozzi dismisses “absurd” rumours about...
No description available...
14h ago from Motorsport.com
Carlos Ezpeleta: “We don’t have enough space”...
No description available...
18h ago from Motorsport.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
1d ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
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...
2d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
2d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
2d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta insists he won't 'lie' to Arsenal players...
Arsenal manager Mikel Arteta has admitted he can't 'lie' to his players...
2d ago from CaughtOffside.com
Improved performance needed for Everton away
Morning all. It's another late Saturday kick-off as we travel to Everton...
2d ago from Arseblog.com
“I shouldn’t be saying this” - Bukayo Saka...
Arsenal superstar Bukayo Saka has revealed that he was a huge fan on...
2d ago from SportsKeeda.com
Viktor Gyökores holds nerve to sink Everton and keep...
;/p>Mikel Arteta can toast his sixth anniversary as Arsenal manager...
2d ago from TheGuardian.com
Comments
Hottest News
Red Bull reveals the real reason behind Christian Horner...
Red Bull CEO Oliver Mintzlaff has confirmed the... Read More »
14h ago from MotorsportWeek.com
'Don't come back!' Lewis Hamilton angers Denver Broncos...
Ferrari F1 star Lewis Hamilton has clearly upset... Read More »
8h ago from GPFans.com
You'll never guess the gift F1 star Charles Leclerc...
What does F1's Charles Leclerc want for... Read More »
7h ago from GPFans.com
