News Details

Saudi Arabia's PIF in talks to buy stake in McLaren Group

Saudi Arabia's Public Investment Fund (PIF) and global investment firm Ares Management are in advanced talks to take a 400 million pound ($553 million) stake in the McLaren Group, Sky News reported on Friday. There was no comment from McLaren and PIF was not immediately available for comment. McLaren Group includes the British supercar maker as well as McLaren Racing, which competes in Formula One and IndyCar in the United States and is also entering the Extreme E off-road electric series next year. Sky cited banking sources and said McLaren was set to announce a 550 million pound equity raise, with 400 million of new capital from PIF and Ares and the rest from existing shareholders....
Full Story »
10mo ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Live Stream: 2021 Goodwood Festival of Speed

After a hiatus in 2020 the Festival of Speed presented by Mastercard is...
10mo ago from MotorsportWeek.com

Horner aims for Red Bull as sports car brand: 'Learned...

After the close partnership between Red Bull and Aston Martin was...
10mo ago from GPBlog.com

Horner reveals Red Bull's ambitions as sports car...

After the close partnership between Red Bull and Aston Martin was...
10mo ago from GPBlog.com

Alfa Romeo and Sauber sign multi-year agreement

Alfa Romeo and Sauber Motorsport will continue to join forces at the...
10mo ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Finnish MotoGP round delayed to 2023 amid homologation...

The first Finnish MotoGP event in four decades will be bumped back to 2023...

Popular On IndyCarToday.com

McLaughlin casts doubt over future Bathurst 1000 starts

An IndyCar-focused Scott McLaughlin has cast doubt over the idea that he...
11h ago from SpeedCafe.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal dealt striker setback as Eddie Nketiah...

ARSENAL are looking to sign at least two strikers in the summer transfer...
3h ago from Express.co.uk

Ramsdale and Leno up for PL Save of the Season

Congratulations to Aaron Ramsdale and Bernd Leno, who have been nominated...
1h ago from Arsenal.com

Leno and Ramsdale nominated for Premier League gongs

The goal-stopping acrobatics of Bernd Leno and Aaron Ramsdale have been...
1h ago from News.ArseBlog.com

Enough Youth? Big Mo signs on…

Morning all. A little snippet from Arsene Wenger: When you are a manager...

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.