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
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
13h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
17h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
9h ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
9h ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
14h ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Leon Osman makes huge Arsenal quadruple claim after...
Former Everton star Leon Osman has backed Arsenal to win a historic...
5h ago from CaughtOffside.com
Player ratings: Arsenal 2-0 Bayer Leverkusen
Arsenal advanced to the Champions League quarter-final with a comfortable...
7h ago from FreshArsenal.com
'Always shine on the biggest stages', 'Worth every...
Arsenal fans have hailed midfielder Eberechi Eze for his showing as they...
6h ago from SportsKeeda.com
Partey intends to deny two charges of rape, court told
Former Arsenal footballer Thomas Partey intends to deny two new...
7h ago from SkySports.com
Comments
Hottest News
Aston Martin F1 'takeover pitched by new team' as situation...
Aston Martin could be the target of an F1... Read More »
10h ago from GPFans.com
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
20h ago from MotorsportWeek.com
Honda claim batteries now handling the vibrations but not...
The Chinese Grand Prix was another horrible... Read More »
15h ago from GrandPrix247.com
