In December, McLaren shareholders unanimously approved a full recapitalisation of the business ostensibly to allow for a "simplified" and "streamlined"... read more »

Red Bull has agreed a record-breaking deal with cryptocurrency exchange platform Bybit. read more »

McLaren's immediate financial concerns have been eased following the agreement of a £150million loan with the National Bank of Bahrain [NBB]. read more »

The UK government has rejected a £150million loan request from the McLaren Group - which owns the McLaren F1 team - to help it through the ongoing COVID-19 pandemic. read more »

McLaren Group, owners of the McLaren Formula 1 team, has had a loan request of £150million rejected by the UK government. read more »

Mercedes team principal Toto Wolff has renewed the Silver Arrows' opposition to plans for Formula 1 teams to be subjected to budget caps in 2021. Liberty Media have sought... read more »

The biggest teams on the Formula 1 grid would struggle to limit their budget to $150million per year, according to Toto Wolff. read more »

Mercedes believes a budget cap of $150million is "not achievable" for Formula 1's big teams, but Toto Wolff says the manufacturer is interested in finding... read more »