News Details
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of selling a minority stake in their Formula 1 team in a bid to raise funds. McLaren's particular financial struggles throughout the extended hiatus due the global health crisis have been well documented over the last few months. McLaren Group reported a revenue loss of £175million in the first quarter of 2020 and are set to make 1,200 staff redundant as a cost-saving measure, with around 70 members of staff to leave the Formula 1 team. The company has also seen a £150m loan request rejected by the UK government whilst there was also a suggestion of them mortgaging their classic Formula 1 cars and factory. But now another...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Ricciardo: 'I'm in that top group that can beat...
Daniel Ricciardo claims his membership to a limited group of F1 drivers...
5y ago from F1i.com
Report: Azerbaijan, Singapore and Japanese Grand Prix...
Formula 1 is reportedly set to cancel the Azerbaijan, Singapore and...
5y ago from GrandPrix247.com
Portuguese Grand Prix double-header set for 2020...
The Portuguese Grand Prix could return to F1 in 2020 with a double-header...
5y ago from PlanetF1.com
Ricciardo: I'm part of that elite F1 group
Daniel Ricciardo says he is part of that small group of F1 drivers who...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Pramac becomes first MotoGP team to reveal 2026 livery
No description available...
10h ago from Motorsport.com
Pramac Yamaha unveils 2026 MotoGP livery
Pramac Yamaha has officially unveiled its striking new livery on the...
10h ago from MotorsportWeek.c...
Jack Miller: Yamaha are ‘busting their arses' on...
Pramac rider Jack Miller has seen first-hand the efforts of Yamaha on its...
14h ago from MotorsportWeek.c...
‘Super talented’ MotoGP rookie Diogo Moreira...
Pedro Acosta believes “super talented” rookie Diogo Moreira has the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Escotto confirmed by Juncos Hollinger Racing for 2026...
No description available...
11h ago from Motorsport.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
3d ago from Motorsport.com
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
5d ago from MotorsportWeek.c...
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2026, Stage 9: Ford takes 1-2 in overall...
No description available...
17h ago from Motorsport.com
How Elfyn Evans plans to finally achieve rallying’s...
No description available...
16h ago from Motorsport.com
Naturally-aspirated V8: What Ford is doing differently...
No description available...
1d ago from Motorsport.com
How did WRC champion Kalle Rovanpera’s single-seater...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arteta rues Arsenal’s injury list before Carabao Cup...
t;li>Manager hopes to find ‘solution’ to defensive problemsSaliba...
6h ago from TheGuardian.com
'I don't think I used that word…' – Arteta...
Arsenal manager Mikel Arteta has denied ever saying that Gunners forward...
6h ago from CaughtOffside.com
'He’s had a bit more of a difficult time this...
Former Premier League striker Darren Bent is worried about Arsenal star...
7h ago from SportsKeeda.com
Mikel Arteta provides injury update on 4 key Arsenal...
Arsenal manager Mikel Arteta has spoken to the press about the fitness of...
11h ago from SportsKeeda.com
Comments
Hottest News
Adrian Newey takes extreme action after Aston Martin car...
Aston Martin hopes to take a step forward in... Read More »
10h ago from RacingNews365.com
Cadillac pulls the covers off bold monochrome look for F1...
The wait is nearly over, and Cadillac is making... Read More »
13h ago from F1i.com
Alpine swing axe on F1 driver as former racer arrested for...
All the day's best F1 news right here in one... Read More »
7h ago from RacingNews365.com
