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
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
6h ago from MotorsportWeek.c...
Honda wouldn’t even be in top 10 without mid-year...
No description available...
7h ago from Motorsport.com
Marc Marquez propels MotoGP to record figures in 2025
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
3h ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
2d ago from Motorsport.com
IndyCar boss Doug Boles explains new officiating system
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
6h ago from Motorsport.com
Toyota brings Corolla back to rallying with all-new...
No description available...
10h ago from Motorsport.com
Project One confirms WRC27 entry
Founded by experienced motorsport engineer Lionel Hansen alongside former...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Premier League news: Guardiola dismisses exit talk and...
No description available...
3h ago from TheGuardian.com
'It has to be this year' - Thierry Henry sends PL...
Arsenal legend Thierry Henry has told club manager Mikel Arteta to avoid...
4h ago from SportsKeeda.com
Paul Merson predicts Tottenham vs Liverpool, Everton...
No Mohamed Salah discussions in the Premier League this weekend because...
7h ago from SportsKeeda.com
'I don't want to leave' – Arsenal star ends all...
Gabriel Jesus has delivered a powerful statement of intent regarding his...
11h ago from CaughtOffside.com
Comments
Hottest News
Ferrari F1 boss hints at Lewis Hamilton reshuffle in 2026
Ferrari F1 team principal Fred Vasseur has... Read More »
1h ago from GPFans.com
Silver Arrow’s sonic boom: Mercedes teases 2026 engine...
Mercedes has given F1 fans a first taste of what... Read More »
3h ago from F1i.com
Liam Lawson explains 'big difference' after vital cost of...
Liam Lawson endured a turbulent start to the 2025... Read More »
2h ago from RacingNews365.com
