[ 2020 ] Mclaren F1 Team - Renault

[Ground Effect]

Interesting developments with Rokit switching to Mercedes. I had suggested on here if perhaps Zak should look to getting them on board with McLaren. A few on here said they weren’t viable and a Mickey Mouse company. Like I said then, these are strange times, almost any paying sponsor is attractive.

[McFAN]

Looks like they are pursuing a range of options ,
I'm sure they will work something out .

https://news.sky.com/story/coronavirus- ... n-12013902

[Ground Effect]

Like the Beatles said... “I get by with a little help from my friends”

https://www.motorsport.com/f1/news/mcla ... k/4811224/

[Xero]

Like the Beatles said... “I get by with a little help from my friends”

https://www.motorsport.com/f1/news/mcla ... k/4811224/

I think that's possibly the best (and most likely) outcome for McLaren as a whole. Heritage assets are protected, and the terms of the loan will be far better than they could get from anywhere else.

I don't think at any point the F1 operation would have be affected by this, but nice to know there is more stability across the board now.

[_cerber1]

Lando announces filming day?

[SmallSoldier]

Lando announces filming day?

I believe he just means that in less than 10 days, we will be racing again!


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[_cerber1]

Maybe this is so, but in the photo MCL35, but it has not yet participated in races.

[Chicane]

McLaren poised to secure loan from National Bank of Bahrain

McLaren is poised to secure a loan from a Bahraini bank to solve its cash-flow problems, BBC Sport has learned.

https://www.bbc.com/sport/formula1/53169648

[adrianjordan]

McLaren poised to secure loan from National Bank of Bahrain

McLaren is poised to secure a loan from a Bahraini bank to solve its cash-flow problems, BBC Sport has learned.

https://www.bbc.com/sport/formula1/53169648

Anyone wanna bet that Bank is somehow tied to the current owners of McLaren?

[Tim.Wright]

Anyone wanna bet that Bank is somehow tied to the current owners of McLaren?

It is https://www.bbc.com/sport/formula1/53169648

The loan, which is set to be approved by the McLaren board, will come from the National Bank of Bahrain (NBB).

NBB is part-owned by Mumtalakat, the Gulf state's sovereign investment fund, which is the majority shareholder in the McLaren Group.

[adrianjordan]

Haha. Didn't actually read the whole story. Was distracted by the bright thing in the sky

[PlatinumZealot]

Ok so they should escape by the hair on their chins.

Anyone more informed than I am can say if this pressure was mostly due to the supercars division? And how waa the F1 team faring in terms of losses?
And does Zak have anything to do with the supercars division?

[diffuser]

Ok so they should escape by the hair on their chins.

Anyone more informed than I am can say if this pressure was mostly due to the supercars division? And how waa the F1 team faring in terms of losses?
And does Zak have anything to do with the supercars division?

ZAK has nothing to do with SCD. Official title is CHIEF EXECUTIVE OFFICER, McLAREN RACING

[mwillems]

Ok so they should escape by the hair on their chins.

Anyone more informed than I am can say if this pressure was mostly due to the supercars division? And how waa the F1 team faring in terms of losses?
And does Zak have anything to do with the supercars division?

They didn't need that cash for racing, but to service debts and that was largely down to automotive, although not entirely. The accounts are done at group level though so it's hard to break it all down, but if I recall, the F1 team had been making £50m (ish) loss in 18, not sure about 19.

It's simples, if the owners didn't get the cash in their own manner, they risked having to sell.

[Emag]

Has anyone saved the longrun data from pre season testing? I would like to refresh my memory now that the season is about to start.
I had an excel file prepared after preseason ended but I might have deleted by accident since I can't find it right now.
Any help is appreciated.