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
Maverick Vinales “mentally stronger” than ever...
No description available...
15h ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
1d ago from MotorsportWeek.c...
Francesco Bagnaia’s slump “all in his head” amid...
No description available...
1d ago from Motorsport.com
Supersub Pol Espargaro deserves to be full-time MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
12h ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
13h ago from Motorsport.com
Tony Kanaan praises FIA for revising IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
FIA reveals final details of WRC 2027 regulations
No description available...
1d ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
1d ago from Motorsport.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
6d ago from Motorsport.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal keeping close tabs on 24-year-old...
Arsenal are keeping tabs on the Borussia Dortmund goalkeeper Diant Ramaj....
7h ago from CaughtOffside.com
'I had an offer from Arsenal': Premier League winner...
Former Swiss International midfielder Gokhan Inler has now revealed that...
9h ago from CaughtOffside.com
Report: Liverpool ready to pay big-money to sign...
Liverpool continue to push for Yan Diomande, and they are now accelerating...
9h ago from CaughtOffside.com
Comments
Hottest News
Mercedes puts F1 customer teams on notice with bombshell...
Mercedes boss Toto Wolff has put its three... Read More »
20h ago from MotorsportWeek.com
Adam Norris throws shade at absent parents in F1 title...
Lando Norris' father, Adam Norris, has seemingly... Read More »
7h ago from GPFans.com
Helmut Marko addresses rumours he was 'pressured' to leave...
Red Bull F1 legend Helmut Marko has addressed... Read More »
8h ago from GPFans.com
