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 »
3y 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...
3y 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...
3y 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...
3y ago from MotorsportWeek.com
McLaren planning sale and leaseback of Woking MTC
The McLaren Group is reportedly seeking a sale and leaseback of its...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
13h ago from Motorsport.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
10h ago from MotorsportWeek.c...
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Long Beach: O’Ward leads Power in opening...
No description available...
4h ago from Motorsport.com
O’Ward blasts to the top of IndyCar’s opening Long...
The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
4h ago from MotorsportWeek.c...
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
10h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
10h ago from Motorsport.com
Popular On TotalWRC.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
7h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
7h ago from MotorsportWeek.c...
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
10h ago from Motorsport.com
WRC Croatia: Neuville sets the pace to lead title...
No description available...
17h ago from Motorsport.com
Popular On GunnersToday.com
Manchester United Transfer News Roundup: Ivan Toney...
No description available...
5h ago from SportsKeeda.com
Aston Villa line up summer move for £60m Chelsea flop
Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
7h ago from CaughtOffside.com
Mikel Arteta says it is 'too soon' for £38m defender...
Arsenal manager Mikel Arteta has provided an injury update on summer...
7h ago from CaughtOffside.com
Troy Deeney names strikers who Arsenal should look to...
No description available...
10h ago from SportsKeeda.com
Comments
Hottest News
F1 2024 Chinese Grand Prix – Sprint Race Results
Verstappen won the first Sprint Race of the year... Read More »
24m ago from MotorsportWeek.com
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
11h ago from GPFans.com
2024 F1 Chinese Grand Prix - sprint results
Check out the full results from the first sprint... Read More »
34m ago from RacingNews365.com