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
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
16h ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
17h ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
1d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Chip Ganassi praises current health of IndyCar
Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
8h ago from MotorsportWeek.c...
Andretti boss: “I don’t think anything’s a...
No description available...
11h ago from Motorsport.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
2d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
12h ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
2d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Mansfield Town vs Arsenal Prediction and Betting Tips...
Mansfield Town and Arsenal will square off in an FA Cup fifth-round tie on...
39m ago from SportsKeeda.com
Saka responds to criticism of Arsenal by insisting...
t;li>Forward says all that matters is they keep winningSaka unconcerned...
7h ago from TheGuardian.com
22-G/A this season: Liverpool looking to sign...
Liverpool is interested in signing Federico Dimarco from Inter Milan...
9h ago from CaughtOffside.com
Chelsea legend John Terry makes Arsenal PL title...
Chelsea legend John Terry believes Arsenal have all but sealed the Premier...
9h ago from SportsKeeda.com
Comments
Hottest News
F1 2026 Australian Grand Prix – FP1 results
Charles Leclerc led a Ferrari 1-2 in the first... Read More »
3h ago from MotorsportWeek.com
LIVE: 2026 F1 Australian Grand Prix - Free Practice 2
Follow all the live action from Free Practice 2... Read More »
1h ago from RacingNews365.com
Australian Grand Prix Free Practice 1 - Results
Full results from Free Practice 1 for the... Read More »
2h ago from F1i.com
