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
Marc Marquez in pain after Austin crash: ‘I will...
No description available...
58m ago from Motorsport.com
Marc Marquez tops the timesheets in second US MotoGP...
Marc Marquez appeared undeterred after a heavy crash in FP1 as he...
58m ago from MotorsportWeek.c...
MotoGP United States GP: Marc Marquez leads the way in...
No description available...
2h ago from Motorsport.com
Maverick Vinales withdraws from US GP as Germany...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard aims to overcome recent qualifying...
No description available...
38m ago from Motorsport.com
Scott McLaughlin quickest over Kyle Kirkwood in...
The NTT IndyCar Series tackled the 2.38-mile Barber Motorsports Park on...
2h ago from MotorsportWeek.c...
Hunter McElrea tabbed as reserve driver by ECR
No description available...
7h ago from Motorsport.com
ECR brings on Hunter McElrea as reserve IndyCar driver
Ed Carpenter Racing has announced that Hunter McElrea will be the...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
1d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
1d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Madueke goes off injured during...
No description available...
2h ago from SkySports.com
Arsenal preparing 35 million summer bid to sign...
Arsenal are interested in signing Real Madrid winger Brahim Diaz in the...
5h ago from SportsKeeda.com
'That would worry me a bit' - Jamie Carragher sheds...
Jamie Carragher believes Arsenal's lack of 'special players' will hurt...
7h ago from SportsKeeda.com
Sandro Tonali delivers response following claims of...
Newcastle United midfielder Sandro Tonali did his talking on the pitch...
8h ago from CaughtOffside.com
Comments
Hottest News
F1 Qualifying Results: Japanese Grand Prix times and...
F1 qualifying takes place today (Saturday, March... Read More »
1h ago from GPFans.com
'This isn't F1' - Fans rage as drivers lose up to 100km/h...
The new F1 cars' trial by fire continued at the... Read More »
2h ago from GPFans.com
Mattia Binotto makes surprise Jonathan Wheatley Audi...
Audi F1 project chief Mattia Binotto has spoken... Read More »
8h ago from MotorsportWeek.com
