News Details
McLaren to put its £200m factory up for sale
McLaren is set to put its Formula 1 and automotive factories up for sale in a bid to secure much needed funds as a result of the coronavirus pandemic. McLaren's financial position has been on rocky ground since March, with the British company seeking to raise hundreds of millions to strengthen its balance sheet in light of the coronavirus pandemic, which has hit sales of its sportscars, whilst Formula 1 income has also been dented. Earlier this year McLaren managed to raise hundreds of millions of pounds in equity from existing shareholders, as well as secruing a £150 million loan from the National Bank of Bahrain. Now it is seeking to raise around £200m by selling its famous Woking...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren's Woking headquarters up for sale
McLaren's iconic Technology Centre in Woking has been up for sale, as the...
5y ago from FormulaSpy.com
McLaren put headquarters up for sale in fundraising...
McLaren has listed their famed Woking headquarters for sale in a bid to...
5y ago from GrandPrix247.com
Williams CEO O'Driscoll to retire following team's sale
Williams’ Chief Executive Officer Mike O’Driscoll is to retire from...
5y ago from MotorsportWeek.com
McLaren planning sale and leaseback of Woking MTC
The McLaren Group is reportedly seeking a sale and leaseback of its...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez shrugs off controversy over pitlane entry...
No description available...
2h ago from Motorsport.com
Marc Marquez wins chaotic Jerez MotoGP Sprint despite...
Marc Marquez crashed but made the right strategy calls to prevail in the...
4h ago from MotorsportWeek.c...
Johann Zarco questions Marc Marquez over Jerez pitlane...
No description available...
3h ago from Motorsport.com
MotoGP Spanish GP: Marc Marquez wins chaotic sprint...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
1d ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
4d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
4d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC Canary Islands: Oliver Solberg closes on Sebastien...
No description available...
5h ago from Motorsport.com
Sebastien Ogier hangs on to Rally Islas Canarias lead...
Sebastien Ogier started Saturday with a relatively handy lead of 8.9...
35m ago from MotorsportWeek.c...
WRC Canary Islands: Sebastien Ogier leads as Toyota...
No description available...
21h ago from Motorsport.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
23h ago from MotorsportWeek.c...
Popular On GunnersToday.com
'Magnificent execution!' | Nev: Eze goal for Gunners...
Analysis from Sky Sports pundit Gary Neville who says Eberechi Eze's goal...
55m ago from SkySports.com
“Guy has nothing to offer” - Arsenal fans slam...
Arsenal fans are not happy as Mikel Arteta has named Kai Havertz and Noni...
2h ago from SportsKeeda.com
Manchester United make first move as Arsenal circle...
Arsenal and Manchester United are interested in signing the Brazilian...
5m ago from CaughtOffside.com
Arsenal v Newcastle – live blog
Join us for live blog coverage of our Premier League clash at home to...
2h ago from Arseblog.com
Comments
Hottest News
McLaren blasts F1 rivals for ‘stirring' up...
McLaren CEO Zak Brown has blasted at least one... Read More »
55m ago from MotorsportWeek.com
F1 Schedule: Miami Grand Prix times and running order with...
F1 finally returns to action at the Miami Grand... Read More »
3h ago from GPFans.com
Lewis Hamilton's role in F1 title fight revealed by...
It looks to be a two-way fight between Mercedes... Read More »
35m ago from GPFans.com
