News Details
UK government rejects £150m McLaren loan request
The UK government has rejected a £150million loan request from the McLaren Group - which owns the McLaren Formula 1 team - to help it through the ongoing COVID-19 pandemic. According to a report by Sky News, McLaren saw its funding plea rejected earlier this week and was informed of the decision by the Department for Business, Energy and Industrial Strategy. The McLaren Group is understood to have been seeking a commercial loan from the taxpayer for funds from the government, which is also holding talks with other big companies including Virgin Atlantic, which announced it is to cut more than 3,000 jobs in the UK due to the coronavirus crisis which has placed great strain on the airline...
Full Story »
Full Story »
You May Also Be Interested In...
UK government reject £150m loan request from McLaren
McLaren Group, owners of the McLaren Formula 1 team, has had a loan...
5y ago from PlanetF1.com
Old man Piquet leads the way against COVID-19
Three-time F1 world champion Nelson Piquet is setting the example in...
5y ago from F1i.com
Hungarian government rules out August 2 Grand Prix
A directive from the Hungarian government banning large public events...
5y ago from F1i.com
COVID-19: NASCAR to return in May
NASCAR will be the first major sport in the United States to return to...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces free 24/7 streaming service across...
MotoGP has announced a partnership with C15 studios to produce a free...
10h ago from MotorsportWeek.c...
Why LCR Honda won’t field injury replacement for...
No description available...
10h ago from Motorsport.com
MotoGP to stream free in US on new dedicated 24/7...
No description available...
1d ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
2d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
2d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
3d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How drones will change the way you watch motorsport
No description available...
8h ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
More depth, fewer excuses: Arsenal have nowhere to...
Mikel Arteta was asked this summer what his long-term plans for Arsenal...
2h ago from SkySports.com
Ex-Arsenal man explains why 'gifted player' would be...
Former Arsenal star Theo Walcott has explained why he thinks Eberechi Eze...
10h ago from CaughtOffside.com
'I just feel that the grass isn’t always greener' -...
Former Arsenal forward Theo Walcott has advised Eberechi Eze against a...
9h ago from SportsKeeda.com
'Worst season' – Arsenal star surely leaving as...
Arsenal left-back Oleksandr Zinchenko has claimed that last season was the...
11h ago from CaughtOffside.com
Comments
Hottest News
F1 fans go wild as Ferrari star wears KILT for the first...
F1 star Charles Leclerc has been dubbed 'Bonnie... Read More »
3h ago from GPFans.com
Daniel Ricciardo gives REAL verdict over former team-mate...
Former F1 star Daniel Ricciardo has opened up on... Read More »
4h ago from GPFans.com
Christian Horner endorsed for F1 return as FIA share major...
Check out all the biggest stories of the day with... Read More »
3h ago from RacingNews365.com
