News Details
McLaren in fantastic financial shape, Brown assures
McLaren Racing CEO Zak Brown made it clear that the Formula 1 team is doing great, both financially and in terms of on-track success. The onset of the global pandemic in early 2020 hit the wider McLaren Group hard, which announced a layoff of 25% of its workforce, while reports surfaced that the company were looking for loans to provide a cash injection, ultimately securing £150m from the National Bank of Bahrain. A minority stake in McLaren's F1 team was also sold to US consortium MSP Sport Capital in a deal worth £185m. In the following year the McLaren Technology Centre base was sold to Global Net Lease for £170million, with the facility then leased back to McLaren, while in the...
Full Story »
Full Story »
3y ago from PlanetF1.com
0
You May Also Be Interested In...
Gasly 2022 F1 "fantastic potential" lauded
AlphaTauri team principal Franz Tost has insisted Pierre Gasly still...
3y ago from GPFans.com
Williams get $35.7mn financial boost after legal battle
Williams have won a legal battle with their former title sponsor after it...
3y ago from Formula1News.co.uk
Brown: I'd be surprised if there was dominance in 2022
Zak Brown, CEO of McLaren, spoke of his expectations of the 2022 Formula...
3y ago from GrandPrix247.com
Brown: 'Dominance' by one team unlikely under 2022 regs
Zak Brown doubts one outfit will dominate the 2022 F1 season in the wake...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Malaysian GP: Alex Marquez takes dominant win,...
No description available...
1h ago from Motorsport.com
Rueda, Dettwiler evacuated by helicopter after...
No description available...
4h ago from Motorsport.com
Alex Marquez cruises to secure Malaysia MotoGP victory
Gresini rider Alex Marquez cruised to a commanding MotoGP victory in...
1h ago from MotorsportWeek.c...
Luca Marini’s first 2025 MotoGP crash caused by...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Mark Miles teases possible non-championship...
IndyCar is largely considered a North American championship, with races...
3d ago from MotorsportWeek.c...
IndyCar tire, brake testing completed on IMS oval
IndyCar staged a test at the Indianapolis Motor Speedway on Tuesday and...
3d ago from MotorsportWeek.c...
Enzo Fittipaldi hails ‘productive’ test with Arrow...
Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...
5d ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans: WRC points lead “guarantees absolutely...
No description available...
2d ago from Motorsport.com
Lancia confirms 2026 WRC2 entry with the new Ypsilon...
Lancia will return to the World Rally Championship next year with the new...
4d ago from MotorsportWeek.c...
M-Sport favours new WRC car build over upgraded Rally2...
No description available...
5d ago from Motorsport.com
Martins Sesks rejoins M-Sport for WRC Saudi Arabia...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal set to battle it out with Barcelona...
Arsenal are reportedly interested in signing the highly talented...
12h ago from CaughtOffside.com
'I was burning' - Benjamin Sesko explains decision to...
Manchester United striker Benjamin Sesko has opened up on why he decided...
20h ago from SportsKeeda.com
Goals all that’s missing for ‘free’ Eberechi Eze...
ward joined Arsenal in the summer for £67m and takes on former club where...
22h ago from TheGuardian.com
'I don't see myself…': Arsenal star opens up on...
Arsenal striker Gabriel Jesus has revealed that he plans to stay at the...
18h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Mexican Grand Prix starting grid with penalties...
Here is the starting grid for this weekend's... Read More »
1h ago from GPFans.com
McLaren make 'every evidence' claim over Oscar Piastri...
McLaren team principal Andrea Stella is adamant... Read More »
3h ago from RacingNews365.com
Red Bull explain cause of shock Max Verstappen time loss
Max Verstappen suffered his worst qualifying... Read More »
47m ago from RacingNews365.com
