News Details
Brown: McLaren now 'financially healthy' after 2020 woes
McLaren Racing boss Zak Brown says the Woking-based outfit is now safe and sound financially after facing some tough economic challenges in 2020. The McLaren Group as whole was forced to recapitalize itself last year as a result of the global pandemic seriously impacting its automotive sales. But its racing entity had had already refreshed its financial base in late December of 2020 thanks to a sale and leaseback of its McLaren Technology Center and a sale of a significant minority stake to US-based sports investment group MSP Sports Capital which also brought its expertise to the deal. Over twelve months on, McLaren Racing now has a solid financial foundation on which to continue to build...
Full Story »
Full Story »
You May Also Be Interested In...
Brown: McLaren in great shape financially
McLaren have had their fair share of financial troubles recently, but CEO...
2y ago from GrandPrix247.com
McLaren in fantastic financial shape, Brown assures
McLaren Racing CEO Zak Brown made it clear that the Formula 1 team is...
2y ago from PlanetF1.com
Brown: I'd be surprised if there was dominance in 2022
Zak Brown, CEO of McLaren, spoke of his expectations of the 2022 Formula...
2y ago from GrandPrix247.com
Audi to decide on F1 entry by end of first quarter
Volkswagen's Audi will make a decision on whether to enter Formula 1...
2y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez ‘completely exhausted' when he caught...
Marc Marquez was left feeling 'completely exhausted' by the time he caught...
2h ago from MotorsportWeek.c...
Marquez ¡still missing something’ to fight for 2024...
No description available...
3h ago from Motorsport.com
Martin has nothing left to prove to Ducati after Le...
Jorge Martin boldly claimed 'I don't think I have anything to demonstrate'...
4h ago from MotorsportWeek.c...
Marquez ‘got the better of me' at Le Mans, says...
Reigning MotoGP World Champion Francesco Bagnaia admitted he was missing a...
6h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Juncos Hollinger Racing reveals special liveries for...
No description available...
1h ago from Motorsport.com
Newgarden up for $440k jackpot from BorgWarner for...
No description available...
5h ago from Motorsport.com
Ilott gets Indy 500 start with Arrow McLaren IndyCar...
No description available...
3h ago from Motorsport.com
Ilott confirmed for Indy 500 run with Arrow McLaren
Arrow McLaren has confirmed that Callum Ilott will drive for the team for...
3h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Tanak not far from “being in the fight” after...
No description available...
2h ago from Motorsport.com
Neuville stunned by almost “impossible” result in...
No description available...
23h ago from Motorsport.com
Ogier: Surpassing Markku Alen’s WRC Portugal record...
No description available...
1d ago from Motorsport.com
WRC Portugal: Ogier holds rally lead, Evans hit by...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“He picked the pockets” - Ian Wright salutes...
No description available...
29m ago from SportsKeeda.com
Premier League 2023-24: Top 5 managers of the season
No description available...
1h ago from SportsKeeda.com
Where it could have possibly gone wrong for Vincent...
No description available...
1h ago from SportsKeeda.com
“This is the time to do it” - Guardiola warns...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Ferrari raids Mercedes to secure two new major signings
After signing Lewis Hamilton earlier this year,... Read More »
4h ago from RacingNews365.com
Ferrari make these aggressive changes in hope of troubling...
With almost a full week before the Emilia Romagna... Read More »
2h ago from GPBlog.com
Brown pinpoints Piastri deficiency compared to Norris
Zak Brown has explained how and why he feels... Read More »
1h ago from RacingNews365.com
