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McLaren in financial trouble

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

  1. william

    william F1 World Champ

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    :D:D:D:D:D:D:D:D
     
  2. william

    william F1 World Champ

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  3. sp1der

    sp1der Formula 3
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    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

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    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

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    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.
     
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  6. Bas Jaski

    Bas Jaski Two Time F1 World Champ

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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
     
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  7. DF1

    DF1 F1 World Champ
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    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 Rookie

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    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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    The INDY car team????


    Bwaaahhaaaaahaaaahaaaa ……..sorry.
     
  10. furoni

    furoni F1 Veteran

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    May we can win a title after all!
     
  11. furoni

    furoni F1 Veteran

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    Naaah, you would just have more money to spend on cars, women and boose! :)
     
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  12. furoni

    furoni F1 Veteran

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    Not necessarily on this particular order
     
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  13. Flavio_C

    Flavio_C Formula 3

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    Apparently Mclaren spends a lot with warranty claims...
     
  14. Bas Jaski

    Bas Jaski Two Time F1 World Champ

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    Hahaha, too true pedro, too true!
     
  15. Igor Ound

    Igor Ound F1 Veteran

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    Mclaren trying to get rest of Latifi’s money before he moves it to buy Williams
     
  16. jgonzalesm6

    jgonzalesm6 F1 Veteran
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    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.
     
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  17. Simon^2

    Simon^2 F1 World Champ

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    McLaren is going to look very different in 2022...
     
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  18. 375+

    375+ F1 Veteran
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    The Sultan of Squat.
     
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  19. pilotoCS

    pilotoCS F1 Rookie
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    As sung by Dire Straits . . . . which could also double as the name of the McLaren team.
     
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  20. Igor Ound

    Igor Ound F1 Veteran

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  21. Isobel

    Isobel F1 Veteran
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    Bas Jaski and 375+ like this.
  22. 375+

    375+ F1 Veteran
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    They need some of Shel's snake oil:eek:
     
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  23. sp1der

    sp1der Formula 3
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    stavura, Bas Jaski and Igor Ound like this.

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