News Details
McLaren consider selling minority stake – report
According to Sky News, McLaren Group are mulling over the option of selling a minority stake in their Formula 1 team in a bid to raise funds. McLaren's particular financial struggles throughout the extended hiatus due the global health crisis have been well documented over the last few months. McLaren Group reported a revenue loss of £175million in the first quarter of 2020 and are set to make 1,200 staff redundant as a cost-saving measure, with around 70 members of staff to leave the Formula 1 team. The company has also seen a £150m loan request rejected by the UK government whilst there was also a suggestion of them mortgaging their classic Formula 1 cars and factory. But now another...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Ricciardo: 'I'm in that top group that can beat...
Daniel Ricciardo claims his membership to a limited group of F1 drivers...
5y ago from F1i.com
Report: Azerbaijan, Singapore and Japanese Grand Prix...
Formula 1 is reportedly set to cancel the Azerbaijan, Singapore and...
5y ago from GrandPrix247.com
Portuguese Grand Prix double-header set for 2020...
The Portuguese Grand Prix could return to F1 in 2020 with a double-header...
5y ago from PlanetF1.com
Ricciardo: I'm part of that elite F1 group
Daniel Ricciardo says he is part of that small group of F1 drivers who...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez explains how injury recovery is delaying...
No description available...
19h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
22h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
20h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
16h ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
1d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
2d ago from Motorsport.com
Alexander Rossi fastest as rain disrupts second...
The NTT IndyCar Series completed the second and final day of testing at...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Just win
Just win. That's basically the only thought in my head this morning. After...
1h ago from Arseblog.com
Sources: Man United & Arsenal locked in battle...
Eintracht Frankfurt’s Nathaniel Brown has rapidly transformed from...
3h ago from CaughtOffside.com
15 G/A in 14 games – The underrated star who...
Arsenal have stuttered recently as they no longer necessarily look like...
11h ago from CaughtOffside.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
20h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin's awful 2026 'surprise' leaves F1 rivals...
Aston Martin's performance at the F1 2026... Read More »
1h ago from GPFans.com
Are Ferrari as quick as they look ahead of 2026 Formula 1...
The Ferrari SF-26 did not impress in its initial... Read More »
1h ago from GrandPrix247.com
Hamilton re-set and refreshed: ‘For a moment, I forgot...
Lewis Hamilton has drawn a bold line under last... Read More »
1h ago from F1i.com
