News Details
McLaren exploring funding options amidst financial uncertainty
McLaren is considering various funding options to help the sportscar maker and Formula 1 team owner negotiate the current financial climate, a spokesman said on Thursday. Sky News reported that British-based McLaren was seeking to raise up to 275 million pounds by borrowing against its Woking headquarters and extensive collection of historic racing cars. It quoted sources as saying McLaren, advised by JP Morgan, could raise the money in the form of new bonds with funding secured from existing or new bondholders. A request for a 150 million-pound loan from the government was recently rejected, according to media reports. “Like many other British businesses McLaren has been severely...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Hamilton named the UK's wealthiest sportsperson
Formula 1 driver Lewis Hamilton is officially the richest sportsperson in...
5y ago from GrandPrix247.com
F1 shutdown contributes to Ferrari's 39 Million Q1...
now viewing F1 shutdown contributes to Ferrari's 39 Million Q1 revenue...
5y ago from F1Hub.net
Video: The Magic of the Monaco Historic Grand Prix
Like its modern day counterpart, this year's biennial Monaco Historic...
5y ago from F1i.com
Carey: We could use tracks not on the calendar
Formula 1 could race at circuits not on the current calendar as it seeks...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Brake problems again behind lack of pace for Francesco...
No description available...
5h ago from Motorsport.com
Pedro Acosta buoyed by KTM turnaround in MotoGP 2025...
No description available...
6h ago from Motorsport.com
Aprilia 'feels like home' despite contract standoff,...
No description available...
6h ago from Motorsport.com
MotoGP Czech GP: Marc Marquez wins at Brno as title...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward, Arrow McLaren score strategic win in...
No description available...
3h ago from Motorsport.com
See how crashes and on-track incidents defined the...
No description available...
2h ago from Motorsport.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
4h ago from MotorsportWeek.c...
Kyffin Simpson rides two-stop strategy to breakthrough...
No description available...
1h ago from Motorsport.com
Popular On TotalWRC.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
5h ago from Motorsport.com
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
6h ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
10h ago from MotorsportWeek.c...
WRC Rally Estonia: Oliver Solberg dominates in shock...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
'We have a great chance of winning a trophy' - Arsenal...
Arsenal defender Gabriel Magalhaes has claimed that the Gunners have a...
5h ago from SportsKeeda.com
Gabriel Magalhaes makes claim about Victor Gyokeres...
Arsenal defender Gabriel Magalhaes has heaped praise on Viktor Gyokeres...
5h ago from SportsKeeda.com
Manchester United have added player previously linked...
Manchester United have reportedly added Arsenal-linked forward Benjamin...
6h ago from SportsKeeda.com
Fabrizio Romano says Man Utd ‘will surely'...
Fabrizio Romano has confirmed that Benjamin Sesko's name continues to be...
7h ago from CaughtOffside.com
Comments
Hottest News
Jonathan Wheatley reveals moment that triggered Red Bull...
Sauber Team Principal Jonathan Wheatley has... Read More »
9h ago from MotorsportWeek.com
F1 urged to test Flintstones credentials of drivers by Red...
Red Bull have encouraged a massive change to the... Read More »
2h ago from GPFans.com
Toto Wolff addresses 'difficult conversations' experience...
Check out the biggest stories of the day with the... Read More »
3h ago from RacingNews365.com
