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
Maverick Vinales undergoes shoulder surgery to remove...
No description available...
22m ago from Motorsport.com
Which MotoGP riders will be allowed to test the 2027...
No description available...
5h ago from Motorsport.com
Why Toprak Razgatlioglu isn’t satisfied with his...
No description available...
7h ago from Motorsport.com
Francesco Bagnaia just trying to "survive"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
1h ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
2d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
3h ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
2d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
6d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eye move for 40m-rated French attacker ahead...
Arsenal are interested in signing the French attacker Jean-Matteo Bahoya...
52m ago from CaughtOffside.com
Arsenal and Man United battle for 'remarkable'...
Arsenal are interested in signing the Hertha BSC defensive midfielder...
2h ago from CaughtOffside.com
Wayne Rooney sheds light on issues with Bukayo Saka as...
Manchester United legend Wayne Rooney believes Arsenal star Bukayo Saka...
2h ago from SportsKeeda.com
Arsenal make enquiry for 65 million wide man as...
Arsenal will continue to be linked with a move for Nathaniel Brown from...
2h ago from CaughtOffside.com
Comments
Hottest News
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
10h ago from GrandPrix247.com
Aston Martin deny 'peace' handshake with Honda
The heads of the Aston Martin and Honda F1... Read More »
52m ago from RacingNews365.com
Leclerc points to one crucial area holding Ferrari back
After another hard-fought podium at Suzuka,... Read More »
2h ago from F1i.com
