News Details
McLaren Group boosted by £200 million investment
The McLaren Group, which includes its Formula 1 team and its automotive business, has been boosted by an investment worth more than £200 million ($270m). The group issued a statement this week confirming that it would be issuing new equity capital following the £203.8m investment by Nidala (BVI) Limited, which purchased 888,135 ordinary shares in the company. 'The proceeds for the new capital will be received over the coming year,' read the statement. 'This new capital, which is part of the Group’s simplification over the last 12 months, will significantly strengthen the Group’s balance sheet and underpins its ambitious growth plans laid out in...
Full Story »
Full Story »
7y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren get £200m cash boost with links to F2 racer...
McLaren's coffers have been swollen by a £200million investment,...
7y ago from GPFans.com
Latifi tipped for possible future McLaren move
Nicholas Latifi has been tipped for a future move to McLaren when he...
7y ago from PlanetF1.com
Latifi linked with future McLaren move after £200...
British Virgin Isles based body Nidala Limited have purchased 888,135...
7y ago from TheCheckeredFlag....
McLaren Group receives fresh £200m investment
The McLaren Group has announced it has received a fresh investment of...
7y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta found Ducati and Aprilia’s pace...
No description available...
58m ago from Motorsport.com
MotoGP Buriram test: Marco Bezzecchi breaks track...
No description available...
2h ago from Motorsport.com
Marc Marquez explains how injury recovery is delaying...
No description available...
23h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
1d 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’...
20h 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
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
6d 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...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sources: Man United & Arsenal locked in battle...
Eintracht Frankfurt’s Nathaniel Brown has rapidly transformed from...
7h ago from CaughtOffside.com
Just win
Just win. That's basically the only thought in my head this morning. After...
5h ago from Arseblog.com
15 G/A in 14 games – The underrated star who...
Arsenal have stuttered recently as they no longer necessarily look like...
15h 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...
1d ago from CaughtOffside.com
Comments
Hottest News
Newey reportedly laid bare Honda engine crisis in F1 meeting
Adrian Newey’s vision for an Aston Martin... Read More »
2h ago from F1i.com
Max Verstappen kicked the hornet's nest forcing Formula 1...
Verstappen is the dominant driver of this... Read More »
38m ago from GrandPrix247.com
Hot mess: Tsunoda’s San Francisco demo goes up in smoke
Talk about a "burning" desire to get... Read More »
1h ago from F1i.com
