News Details
McLaren in fantastic financial shape, Brown assures
McLaren Racing CEO Zak Brown made it clear that the Formula 1 team is doing great, both financially and in terms of on-track success. The onset of the global pandemic in early 2020 hit the wider McLaren Group hard, which announced a layoff of 25% of its workforce, while reports surfaced that the company were looking for loans to provide a cash injection, ultimately securing £150m from the National Bank of Bahrain. A minority stake in McLaren's F1 team was also sold to US consortium MSP Sport Capital in a deal worth £185m. In the following year the McLaren Technology Centre base was sold to Global Net Lease for £170million, with the facility then leased back to McLaren, while in the...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Gasly 2022 F1 "fantastic potential" lauded
AlphaTauri team principal Franz Tost has insisted Pierre Gasly still...
4y ago from GPFans.com
Williams get $35.7mn financial boost after legal battle
Williams have won a legal battle with their former title sponsor after it...
4y ago from Formula1News.co.uk
Brown: I'd be surprised if there was dominance in 2022
Zak Brown, CEO of McLaren, spoke of his expectations of the 2022 Formula...
4y ago from GrandPrix247.com
Brown: 'Dominance' by one team unlikely under 2022 regs
Zak Brown doubts one outfit will dominate the 2022 F1 season in the wake...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Inside Marc Marquez’s new approach to racing after...
No description available...
23h ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
2d ago from MotorsportWeek.c...
MotoGP confirms Aragon to remain on calendar for 2027...
MotoGP has announced that Motorland Aragon will host a race in 2027,...
1d ago from MotorsportWeek.c...
Jorge Martin escapes injury but hit with penalty for...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
1d ago from Motorsport.com
Winners and losers from the IndyCar race at World Wide...
No description available...
2d ago from Motorsport.com
Josef Newgarden did not know Christian Rasmussen...
Josef Newgarden won Sunday night’s thriller at World Wide Technology...
2d ago from MotorsportWeek.c...
Official race results: IndyCar 2026 at WWT Raceway
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
19h ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Latest: Arsenal given shock opportunity to sign World...
Arsenal have reportedly taken concrete steps in their pursuit of AS Roma...
28m ago from CaughtOffside.com
Arsenal eye Premier League duo, including 'one of the...
Arsenal are reportedly making Premier League duo Morgan Rogers and Eli...
2h ago from CaughtOffside.com
Arsenal and Man United dealt transfer blow as San Siro...
Arsenal and Manchester United may have been handed a frustrating transfer...
2h ago from CaughtOffside.com
Report: Arsenal open talks to sign 50m midfielder as...
Arsenal’s search for a new central midfielder this summer continues to...
3h ago from FreshArsenal.com
Comments
Hottest News
Mercedes divided over FIA engine rankings as Russell and...
The fallout from the FIA’s first Additional... Read More »
1h ago from F1Technical.net
Why Williams F1 team were absent in Barcelona
Williams F1 and team principal James Vowles had... Read More »
1h ago from GPFans.com
Hamilton: Red Bull topping ADUO ranking ‘definitely a...
Lewis Hamilton has joined the growing chorus of... Read More »
1h ago from F1i.com
