News Details
UK government rejects £150m McLaren loan request
The UK government has rejected a £150million loan request from the McLaren Group - which owns the McLaren Formula 1 team - to help it through the ongoing COVID-19 pandemic. According to a report by Sky News, McLaren saw its funding plea rejected earlier this week and was informed of the decision by the Department for Business, Energy and Industrial Strategy. The McLaren Group is understood to have been seeking a commercial loan from the taxpayer for funds from the government, which is also holding talks with other big companies including Virgin Atlantic, which announced it is to cut more than 3,000 jobs in the UK due to the coronavirus crisis which has placed great strain on the airline...
Full Story »
Full Story »
You May Also Be Interested In...
UK government reject £150m loan request from McLaren
McLaren Group, owners of the McLaren Formula 1 team, has had a loan...
5y ago from PlanetF1.com
Old man Piquet leads the way against COVID-19
Three-time F1 world champion Nelson Piquet is setting the example in...
5y ago from F1i.com
Hungarian government rules out August 2 Grand Prix
A directive from the Hungarian government banning large public events...
5y ago from F1i.com
COVID-19: NASCAR to return in May
NASCAR will be the first major sport in the United States to return to...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta: ‘Last year’s KTM wasn’t that bad,...
No description available...
1h ago from Motorsport.com
How Marco Bezzecchi dominated the Brazilian MotoGP to...
New MotoGP championship leader Marco Bezzecchi overcame a "really...
3h ago from MotorsportWeek.c...
Winners and losers from MotoGP’s returning Brazilian...
No description available...
4h ago from Motorsport.com
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
The hidden factors that could decide the Premier...
The Premier League is entering its final weeks and the league table...
42m ago from CaughtOffside.com
“Arteta did not make a mistake by starting Kepa” -...
Former Arsenal and Manchester City defender Bacary Sagna has shared his...
42m ago from SportsKeeda.com
“I’m shocked” - Tim Sherwood reacts as Tuchel...
Former Tottenham manager Tim Sherwood has admitted he is stunned that...
12m ago from SportsKeeda.com
Player ratings: Arsenal 0-2 Manchester City
Arsenal underwhelmed in the League Cup final on Sunday afternoon, and it...
1h ago from FreshArsenal.com
Comments
Hottest News
BMW make decision on F1 return
BMW have announced their verdict on a potential... Read More »
3h ago from GPFans.com
Kimi Antonelli's F1 victory: Star ignored George Russell...
An emotional moment for Mercedes F1 star Kimi... Read More »
1h ago from GPFans.com
Carlos Sainz issues 'big crash' warning to F1 over...
Carlos Sainz has reiterated his belief that a... Read More »
42m ago from RacingNews365.com
