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
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1h ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
1d ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
1d ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
10h ago from MotorsportWeek.c...
Official race results: 2026 IndyCar Grand Prix of...
No description available...
15h ago from Motorsport.com
Kirkwood "currently the biggest threat" to...
No description available...
12h ago from Motorsport.com
Alex Palou “never felt safe” during Grand Prix of...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
15h ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
19h ago from Motorsport.com
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
22h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
22h ago from MotorsportWeek.c...
Popular On GunnersToday.com
'We used to do that' – Wayne Rooney offers cheeky...
Manchester United great Wayne Rooney has told Arsenal wonderkid Max Dowman...
17m ago from SportsKeeda.com
Arsenal tracking 20 G/A forward but Barcelona and...
Arsenal are reportedly keeping a close watch on Club Brugge forward...
7m ago from CaughtOffside.com
Report: Arsenal join race for 70 million centre-back...
Arsenal have reportedly joined a growing list of clubs interested in RB...
3h ago from CaughtOffside.com
We can just enjoy it, Mikel Arteta has to think about...
Morning all. How was your Sunday? Did you watch the replays again? And...
3h ago from Arseblog.com
Comments
Hottest News
Franco Colapinto's team call for end to abuse as Esteban...
Esteban Ocon admitted fault and apologised to... Read More »
1h ago from MotorsportWeek.com
Verstappen says new F1 will ‘ruin the sport'
Mar.16 Max Verstappen has delivered his most... Read More »
2h ago from OneStopStrategy.com
Hamilton credits Ferrari ‘listening' for '26 revival
Mar.16 Lewis Hamilton says he is back to his... Read More »
2h ago from OneStopStrategy.com
