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 »
2y 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...
2y 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...
2y 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...
2y 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...
2y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Davide Tardozzi: Jorge Martin and Francesco Bagnaia...
Ducati MotoGP boss Davide Tardozzi believes Jorge Martin and Francesco...
1h ago from MotorsportWeek.c...
MotoGP Malaysian GP: Bagnaia destroys lap record to...
No description available...
3h ago from Motorsport.com
Francesco Bagnaia tops final MotoGP Malaysia practice
Francesco Bagnaia maintained his strong showing from Friday's practice to...
4h ago from MotorsportWeek.c...
Francesco Bagnaia secures historic MotoGP pole in...
Francesco Bagnaia produced a history-making MotoGP pole position lap...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Enzo Fittipaldi to run IndyCar test with McLaren later...
Arrow McLaren has announced that it will place Enzo Fittipaldi in one of...
10h ago from MotorsportWeek.c...
Enzo Fittipaldi to test with Arrow McLaren this month
No description available...
15h ago from Motorsport.com
O’Ward sees Arlington race as a test for the future...
No description available...
2d ago from Motorsport.com
Ganassi finalizes IndyCar lineup, confirms Kyffin...
Chip Ganassi Racing announced its full 2025 IndyCar line-up on Wednesday,...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Friday favourite: When a burly Skoda challenged the...
No description available...
21h ago from Motorsport.com
A Farewell Message from The Checkered Flag
After 15 years of motorsport coverage, TheCheckeredFlag.co.uk announces...
19h ago from TheCheckeredFlag...
Didier Auriol entering Rally Japan, first WRC start...
1994 World Rally Champion Didier Auriol will run the 2024 season finale in...
3d ago from TheCheckeredFlag...
Popular On GunnersToday.com
Will Arteta go ‘big' for Newcastle midfield...
Morning. It's Newcastle away today, an early kick off for a difficult away...
1h ago from Arseblog.com
Ruben Amorim wants Manchester United to sign Arsenal...
No description available...
1h ago from SportsKeeda.com
Saturday's Premier League predictions including...
Sports Mole provides score predictions and previews for all of today's...
1h ago from SportsMole.co.uk
Christian Falk Fact Files: Arteta wants Bundesliga...
Christian Falk Fact Files: Today's exclusive transfer round-up from...
13h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Verstappen hit with NEW FIA penalty as Red...
The FIA have hit Max Verstappen with a major... Read More »
2h ago from GPFans.com
F1 2024 Brazilian Grand Prix Sprint Race starting grid with...
The FIA have confirmed the official starting grid... Read More »
1h ago from GPFans.com
Red Bull make 'impossible' claim in Brazilian battle with...
Max Verstappen will start the sprint race at... Read More »
18m ago from RacingNews365.com
