McLaren in financial trouble | Page 2 | FerrariChat

McLaren in financial trouble

Discussion in 'F1' started by TheMayor, May 15, 2020.

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  1. william

    william Two Time F1 World Champ
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    Jun 3, 2006
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    :D:D:D:D:D:D:D:D
     
  2. william

    william Two Time F1 World Champ
    Silver Subscribed

    Jun 3, 2006
    25,447
  3. sp1der

    sp1der F1 Rookie

    Jan 10, 2009
    3,005
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    Simon Ashley
    Still he made millions by offloading his shares early in the game before they became junk.
     
  4. Remy Zero

    Remy Zero Two Time F1 World Champ

    Apr 26, 2005
    23,319
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    MC Cool Breeze
    Mclaren, Williams, Renault are all in trouble. I suppose after all this is clear, there's only Ferrari left..
     
  5. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    I posted this in another thread,... but iy is relevant here...

    McLaren certainly faces serious challenges,... but they're not going away any time soon.
     
    Remy Zero likes this.
  6. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
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    Ok guys just going to say, I do not have a crystal ball. If I did I'd be far richer :D:D:D
     
    Remy Zero likes this.
  7. DF1

    DF1 Two Time F1 World Champ

    https://www.autosport.com/f1/news/150034/mclaren-considering-selling-stake-in-its-f1-team

    McLaren is considering selling a stake of up to 30% in its Formula 1 team as it seeks to raise extra finance with which to improve its level of competitiveness.

    The main McLaren Group has been searching for extra funding in recent months having been hit hard by the COVID-19 crisis and resulting staff furlough.

    However a source has confirmed that the sale plan, first revealed by Sky News, only involves shares in McLaren Racing, which encompasses the IndyCar team as well as F1.

    McLaren sees the introduction of the $145 million budget cap in 2021 as an opportunity to be on a level playing field with the established top three.

    It's thus regarded as essential to have the funding that will allow the team be in a position to spend to the limit - especially in 2021 when the new generation of cars is being developed - and thus have the best possible chance of climbing the order.

    At the moment, McLaren Racing has the same shareholders as its parent, so a sale of a stake in the team would involve some form of restructuring.
     
  8. VelocityTexas

    VelocityTexas Formula Junior
    Owner Rossa Subscribed

    Oct 21, 2019
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    North Texas
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    Bryan
    Based on the number of new McLarens you see on the road in north Texas it's hard to understand financial issues at the manufacture level and the disconnect between the sales side and the builder side. At a car meet this past Saturday well over a dozen McLarens with new owner paper tags. Interesting to say the least.
     
  9. BigTex

    BigTex Seven Time F1 World Champ
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    Dec 6, 2002
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    Bubba
    The INDY car team????


    Bwaaahhaaaaahaaaahaaaa ……..sorry.
     
  10. furoni

    furoni F1 World Champ

    Jun 6, 2011
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    Pedro Braga Soares
    May we can win a title after all!
     
  11. furoni

    furoni F1 World Champ

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    Pedro Braga Soares
    Naaah, you would just have more money to spend on cars, women and boose! :)
     
    Bas likes this.
  12. furoni

    furoni F1 World Champ

    Jun 6, 2011
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    Pedro Braga Soares
    Not necessarily on this particular order
     
    Bas likes this.
  13. Flavio_C

    Flavio_C Formula 3
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    Sep 7, 2012
    2,445
    Insubria
    Apparently Mclaren spends a lot with warranty claims...
     
  14. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
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    Hahaha, too true pedro, too true!
     
  15. Igor Ound

    Igor Ound F1 Veteran

    Sep 30, 2012
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    Igor Ound
    Mclaren trying to get rest of Latifi’s money before he moves it to buy Williams
     
  16. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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    Oct 31, 2016
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    Joe R Gonzales
    Mansour Ojjeh has resigned his directorship of the MclarenGroup. and the role has been taken over by his 29-year-old son Sultan. The latter has been involved in the background for few years, and will henceforth formally represent the family's interest in the company.
     
    375+ and Jacob Potts like this.
  17. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    McLaren is going to look very different in 2022...
     
    DF1 likes this.
  18. 375+

    375+ F1 World Champ
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    Dec 28, 2005
    11,884
    The Sultan of Squat.
     
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  19. pilotoCS

    pilotoCS F1 World Champ
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    May 19, 2019
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    The Capital of The United States of America
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    Willis
    As sung by Dire Straits . . . . which could also double as the name of the McLaren team.
     
    Bas, DF1 and 375+ like this.
  20. Igor Ound

    Igor Ound F1 Veteran

    Sep 30, 2012
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    Bas likes this.
  21. Isobel

    Isobel F1 World Champ

    Jun 30, 2007
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    Is, Izzy for Australians
    Bas and 375+ like this.
  22. 375+

    375+ F1 World Champ
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    Dec 28, 2005
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    They need some of Shel's snake oil:eek:
     
    Isobel likes this.
  23. sp1der

    sp1der F1 Rookie

    Jan 10, 2009
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    stavura, Bas and Igor Ound like this.

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