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Discussion in 'F1' started by TheMayor, May 15, 2020.
He made too many costly mistakes.
Still he made millions by offloading his shares early in the game before they became junk.
Mclaren, Williams, Renault are all in trouble. I suppose after all this is clear, there's only Ferrari left..
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.
Ok guys just going to say, I do not have a crystal ball. If I did I'd be far richer
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.
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.
The INDY car team????
May we can win a title after all!
Naaah, you would just have more money to spend on cars, women and boose!
Not necessarily on this particular order
Apparently Mclaren spends a lot with warranty claims...
Hahaha, too true pedro, too true!
Mclaren trying to get rest of Latifi’s money before he moves it to buy Williams
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.
McLaren is going to look very different in 2022...
The Sultan of Squat.
As sung by Dire Straits . . . . which could also double as the name of the McLaren team.
To understand just how desperate they are just have a look at this.
Yet another multimillion bodykit, ... hmm, I mean hypercar
Wonder if they’ll find some leftover ‘continuation’ cars...... Quick money if they do....
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They need some of Shel's snake oil
I did not think they could make anything worse looking than the Senna but yes they have succeeded!