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
Riders finally comment on MotoGP’s new track,...
No description available...
41m ago from Motorsport.com
Pedro Acosta tops second Balaton Park MotoGP practice
KTM rider Pedro Acosta topped the timesheets in the second MotoGP...
4h ago from MotorsportWeek.c...
Jack Miller on 2026 MotoGP plans: ‘Your guess is...
Four-time MotoGP race winner Jack Miller is waiting for an answer from...
7h ago from MotorsportWeek.c...
Marc Marquez quickest in first MotoGP practice at...
Distant championship leader Marc Marquez continued his dominance by...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
PREMA adapting European approach to better suit IndyCar
PREMA has nearly completed its first season fielding a pair of entries in...
1d ago from MotorsportWeek.c...
NASCAR Trucks to join IndyCar for St. Petersburg race...
The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...
2d ago from MotorsportWeek.c...
Mexico IndyCar race edges closer as officials visit...
No description available...
2d ago from Motorsport.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
1d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Documents signed: Fabrizio Romano explains whether...
All the documents have reportedly been signed for Eberechi Eze to complete...
6h ago from CaughtOffside.com
Arsenal vs Leeds United Prediction and Betting Tips |...
The Premier League is back in action with another round of matches this...
2h ago from SportsKeeda.com
Tottenham only want players who wear club’s...
t;li>‘I don’t want players that don’t want to come to the...
2h ago from TheGuardian.com
Arsenal boss Mikel Arteta provides response when asked...
Arsenal manager Mikel Arteta has dropped a subtle hint that Eberechi Eze...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Verstappen stunned by team-mate reveal as...
Max Verstappen was left stunned after hearing a... Read More »
5h ago from GPFans.com
Toto Wolff’s X-rated response revealed over Mercedes exit
An X-rated piece of advice from Mercedes F1 team... Read More »
1h ago from GPFans.com
Adrian Newey leaves Fernando Alonso stunned: 'It's...
Aston Martin has signed Adrian Newey to head its... Read More »
8h ago from RacingNews365.com
