News Details
UK government reject £150m loan request from McLaren
McLaren Group, owners of the McLaren Formula 1 team, has had a loan request of £150million rejected by the UK government. As first reported by Sky News, McLaren Group had turned to the UK government for financial support to help protect the company through these turbulent times during the global health crisis. McLaren were the first Formula 1 team to use the government's furlough scheme, while both Carlos Sainz and Lando Norris, plus senior management, have taken pay cuts as a protective measure. With no Formula 1 racing since December 2019 and none on the horizon until potentially the start of July, all teams are feeling the pinch. The estimated lost revenue with each postponed race is...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Hungarian government rules out August 2 Grand Prix
A directive from the Hungarian government banning large public events...
5y ago from F1i.com
MotoGP submits official request to start the season at...
Formula 1 is busy planning for the start of the season at the beginning...
5y ago from GPBlog.com
Doubts form over Hungarian GP due to government...
The start of the 2019 Hungarian Grand Prix The prospect of the Formula 1...
5y ago from SpeedCafe.com
Spa waiting for government 'green light'
May 7 Spa-Francorchamps is waiting for the "green light from the...
5y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
What is custom motorcycle paint in the racing world?
Custom paintwork involves decorating vehicles. There is the Californian...
1h ago from MotorsportWeek.c...
Why Jorge Martin is back - but not at his best yet in...
No description available...
10h ago from Motorsport.com
MotoGP's Concorde Agreement edges closer as talks near...
No description available...
16h ago from Motorsport.com
MotoGP completes investigation into Brazilian GP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar changes Arlington results, penalizing Kyffin...
No description available...
5h ago from Motorsport.com
Ed Carpenter set for one-off Indy 500 run with...
No description available...
9h ago from Motorsport.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
1d ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
4d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Liverpool eye key replacement as Arsenal & Man...
Arsenal, Manchester United and Liverpool are reportedly interested in...
6h ago from CaughtOffside.com
Arsenal plot 35M raid for one of Brazil's brightest...
Arsenal are looking to sign a quality right back in the summer, and they...
8h ago from CaughtOffside.com
Arsenal eye statement signing of 19-G/A attacker who...
Arsenal are looking to sign the PSG attacker Khvicha Kvaratskhelia at the...
7h ago from CaughtOffside.com
Arsenal latest: 'Gunners target summer deal for PSG's...
No description available...
8h ago from SkySports.com
Comments
Hottest News
F1: Japanese Grand Prix: Preview - Audi
We've seen encouraging signs in terms of pace... Read More »
2h ago from Pitpass.com
F1 legend Martin Brundle reveals the thing he hates about...
Sky F1 pundit and TV icon Martin Brundle has... Read More »
4h ago from GPFans.com
Lewis Hamilton leaves F1 fans in awe with mega drive ahead...
Lewis Hamilton's arrival in Tokyo was marked with... Read More »
5h ago from GPFans.com
