News Details
McLaren exploring funding options amidst financial uncertainty
McLaren is considering various funding options to help the sportscar maker and Formula 1 team owner negotiate the current financial climate, a spokesman said on Thursday. Sky News reported that British-based McLaren was seeking to raise up to 275 million pounds by borrowing against its Woking headquarters and extensive collection of historic racing cars. It quoted sources as saying McLaren, advised by JP Morgan, could raise the money in the form of new bonds with funding secured from existing or new bondholders. A request for a 150 million-pound loan from the government was recently rejected, according to media reports. “Like many other British businesses McLaren has been severely...
Full Story »
Full Story »
3y ago from GrandPrix247.com
0
You May Also Be Interested In...
Hamilton named the UK's wealthiest sportsperson
Formula 1 driver Lewis Hamilton is officially the richest sportsperson in...
3y ago from GrandPrix247.com
F1 shutdown contributes to Ferrari's 39 Million Q1...
now viewing F1 shutdown contributes to Ferrari's 39 Million Q1 revenue...
3y ago from F1Hub.net
Video: The Magic of the Monaco Historic Grand Prix
Like its modern day counterpart, this year's biennial Monaco Historic...
3y ago from F1i.com
Carey: We could use tracks not on the calendar
Formula 1 could race at circuits not on the current calendar as it seeks...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Acosta: Jerez MotoGP round "a reality check"...
No description available...
7h ago from Motorsport.com
MotoGP's 2027 regulations are missing one key element
'Welcome to the future of MotoGP,' reads the start of the series'...
1d ago from MotorsportWeek.c...
MotoGP announces major 2027 technical regulation...
No description available...
1d ago from Motorsport.com
What MotoGP’s 2027 rules overhaul could mean for the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Team Penske suspends key management through Indy 500
On Tuesday morning, Team Penske announced suspensions of key personnel...
4h ago from MotorsportWeek.c...
Abel ends Indy 500 entry hopes, cites funding as cause
Abel Motorsports will not be fielding a car in this year’s Indianapolis...
3d ago from MotorsportWeek.c...
Penske suspends Cindric and other senior staff over...
No description available...
6h ago from Motorsport.com
American flag livery returns for AJ Foyt Indy 500 entry
AJ Foyt Racing announced Wednesday that it is bringing its popular...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Skoda's Solberg and Greensmith chasing WRC2 glory in...
Relying on his Škoda Fabia RS Rally2, joint championship leader Oliver...
6h ago from MotorsportWeek.c...
Evans: 2025 WRC Rally1 prototype “not so exciting”...
No description available...
4d ago from Motorsport.com
Toyota shuffles its WRC manufacturer points scorers...
No description available...
5d ago from Motorsport.com
Stellantis motorsport chief gives verdict on WRC...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Tim Sherwood believes one Arsenal player has...
Tim Sherwood believes Declan Rice has taken his game to another level...
58m ago from CaughtOffside.com
'I don’t think anyone thinks he’s worth that...
No description available...
1h ago from SportsKeeda.com
'He is a real integral part of that squad' - Rio...
No description available...
1h ago from SportsKeeda.com
'He was the one player I feared' - Chelsea icon John...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Blueprint submitted to F1 and FIA for THREE new teams
Formula 1 and the FIA have received an incredible... Read More »
3h ago from GPFans.com
Cullen in CRYPTIC motivational post as new relationship...
Angela Cullen has posted a further update... Read More »
58m ago from GPFans.com
Horner reveals Newey plans after Red Bull exit
Christian Horner has revealed where he thinks... Read More »
10h ago from GPFans.com