News Details
Saudi Arabia's PIF in talks to buy stake in McLaren Group
Saudi Arabia's Public Investment Fund (PIF) and global investment firm Ares Management are in advanced talks to take a 400 million pound ($553 million) stake in the McLaren Group, Sky News reported on Friday. There was no comment from McLaren and PIF was not immediately available for comment. McLaren Group includes the British supercar maker as well as McLaren Racing, which competes in Formula One and IndyCar in the United States and is also entering the Extreme E off-road electric series next year. Sky cited banking sources and said McLaren was set to announce a 550 million pound equity raise, with 400 million of new capital from PIF and Ares and the rest from existing shareholders....
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Live Stream: 2021 Goodwood Festival of Speed
After a hiatus in 2020 the Festival of Speed presented by Mastercard is...
4y ago from MotorsportWeek.com
Horner aims for Red Bull as sports car brand: 'Learned...
After the close partnership between Red Bull and Aston Martin was...
4y ago from GPBlog.com
Horner reveals Red Bull's ambitions as sports car...
After the close partnership between Red Bull and Aston Martin was...
4y ago from GPBlog.com
Alfa Romeo and Sauber sign multi-year agreement
Alfa Romeo and Sauber Motorsport will continue to join forces at the...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Thai GP: Pedro Acosta breaks duck with sprint...
No description available...
41m ago from Motorsport.com
Pedro Acosta takes dramatic Thai MotoGP Sprint victory...
KTM rider Pedro Acosta clinched his first victory in MotoGP following a...
31m ago from MotorsportWeek.c...
Marco Bezzecchi secures pole at Thai MotoGP season...
Marco Bezzecchi maintained his weekend dominance by securing pole...
4h ago from MotorsportWeek.c...
MotoGP Thailand GP: Marco Bezzecchi beats Marc Marquez...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon crashes hard in opening practice for Grand...
No description available...
12h ago from Motorsport.com
Scott McLaughlin hustles to the top in opening IndyCar...
The NTT IndyCar Series returned to action Friday afternoon, completing...
13h ago from MotorsportWeek.c...
Pato O'Ward: "I'm tired of IndyCar being like the...
No description available...
15h ago from Motorsport.com
First look at Mick Schumacher's livery as he previews...
No description available...
16h ago from Motorsport.com
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
1d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
2d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Saturday round-up: Champions League draw and fixture...
Morning, let's do a quick Saturday round-up. The obvious place to start is...
31m ago from Arseblog.com
Arsenal latest: Gyokeres growing in confidence - Arteta
No description available...
1h ago from SkySports.com
Asking prices for Newcastle stars revealed in report,...
Newcastle United could reportedly have a host of big name players...
2h ago from CaughtOffside.com
Arsenal are easy targets for TikTok mockery – they...
ded by Tottenham and lampooned by Wolves, Mikel Arteta’s side face...
2h ago from TheGuardian.com
Comments
Hottest News
Honda hold 'emergency' talks over Aston Martin F1 crisis
Honda Racing president Koji Watanabe revealed... Read More »
1h ago from GPFans.com
Toto Wolff acknowledges strength of Mercedes in 2026
Following weeks of denial that Mercedes is the... Read More »
31m ago from MotorsportWeek.com
Max Verstappen predicts 'big upset' over F1 2026 change
New F1 technical regulations have come into play... Read More »
2h ago from RacingNews365.com
