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 »
4mo 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...
4mo 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...
4mo 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...
4mo ago from MotorsportWeek.com
McLaren planning sale and leaseback of Woking MTC
The McLaren Group is reportedly seeking a sale and leaseback of its...
4mo ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Dall’Igna on Dovizioso: 'I'm sorry when a rider...
Get MotoGP news in your inbox! By signing up to the newsletter you agree...
5h ago from Crash.net
Suzuki 'still investigating' satellite team despite...
Get MotoGP news in your inbox! By signing up to the newsletter you agree...
2h ago from Crash.net
Suzuki MotoGP squad ‘more united than ever'...
Suzuki MotoGP Project Leader Shinichi Sahara says the organisation is...
3h ago from MotorsportWeek.c...
MotoGP's Marc Marquez undergoes six-week medical check
Get MotoGP news in your inbox! By signing up to the newsletter you agree...
19h ago from Crash.net
Popular On IndyCarToday.com
Hunter-Reay confirmed for 12th season at Andretti...
No description available...
22h ago from Motorsport.com
Andretti Autosport confirms Hunter-Reay will return...
Andretti Autosport has confirmed Ryan Hunter-Reay will remain with the...
23h ago from MotorsportWeek.c...
Ex-F1 tester and IndyCar racer Ferrucci switches to...
Santino Ferrucci will make his NASCAR debut this year after signing a deal...
6d ago from MotorsportWeek.c...
Pat Patrick obituary: IndyCar team owner dies aged 91
Ueal Eugene 'Pat' Patrick, who ran cars at the Indianapolis 500 for...
1w ago from AutoSport.com
Popular On TotalWRC.com
Neuville splits with co-driver Gilsoul ahead of WRC...
No description available...
2h ago from Motorsport.com
KTM's Sunderland faced "impossible" task on...
No description available...
3h ago from Motorsport.com
French rider Cherpin dies from injuries in Dakar rally...
"Pierre Cherpin was found unconscious during Sundayu0027s stage...
6h ago from EuroSport.com
Peterhansel secures record 14th Dakar Rally title in...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
Huge injury boost for Arsenal amid news that key...
Sometimes we don't realise how important a player is until they're...
2h ago from CaughtOffside.com
‘Not the best' – Arsenal striker's...
With only a fortnight left of this winter transfer window, Arsenal could...
1h ago from CaughtOffside.com
Video: WWE legend Kurt Angles manages to disrespect...
Clearly there are genuine wrestling fans who really enjoy the technical...
2h ago from CaughtOffside.com
‘When they're behind you, it gives you energy'
Having come through a rough patch of his own this season, Mikel Arteta...
2h ago from Arsenal.com
Comments
Hottest News
‘I’m Not A Nico Rosberg’: Valtteri Bottas On His...
Valtteri Bottas has defended his decision not to... Read More »
56m ago from Formula1News.co.uk
Technical Insight: How Ferrari intends to fight back in 2021
Scuderia Ferrari, fresh from a difficult 2020... Read More »
4h ago from MotorsportWeek.com
Not the Mercedes way: This is what the Ferrari engine will...
Last season has once again been one to forget... Read More »
3h ago from GPBlog.com