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McLaren open to sale of F1 team shares to raise finance

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 also encompasses the Indy team as well as F1.
McLaren sees the introduction of the $145m budget cap in 2021 as an …Keep reading

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