McLaren

McLaren

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rev-erend

21,063 posts

252 months

Monday 27th July 2020
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HiAsAKite said:
https://www.hampshirelive.news/news/hampshire-news...

McLaren F1 car and Lando turn up at a garage in Aldershot...
Nice. Look forward to that news.

595Heaven

1,482 posts

46 months

Tuesday 28th July 2020
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Confirmed this morning....

McLaren and Gulf Oil International Ltd have today announced a multi-year strategic partnership which will see Gulf, one of the most iconic brands in the world, partner with world-famous luxury supercar company McLaren Automotive and the McLaren Racing team.

The partnership reunites two renowned brands that have a long-standing and successful history together and symbolises a united ambition to use both brands’ innovation and class-leading capabilities to refine a winning formula, both on the track and on the road.

Gulf’s link with McLaren started in 1968 and continued until the end of the 1973 season, with Gulf and McLaren enjoying success in both Formula 1 and the Can-Am series, in which the partnership won over 40 races. The partnership was then renewed at the Le Mans 24 Hours in the 1990s, with the ifamous McLaren F1 GTR running in Gulf colours throughout the decade.

A globally recognised and trusted brand, Gulf’s instantly recognisable orange disc is now synonymous around the world with high quality products, innovation and technical excellence, aligning directly with key McLaren attributes.

From 2021, Gulf will become the preferred lubricant supplier to McLaren Automotive, with all cars to be filled with Gulf Oil and fuel optimised for high performance engines.

Gulf branding will also be displayed at McLaren Automotive’s PURE customer events that take place around the world, at retailers and on team kit.

In addition, a small and exclusive number of customers will be given the option to have their McLaren supercar hand-painted by McLaren Special Operations, the firm’s bespoke division, in Gulf liveries and colours which echo the famous F1 GTR Le Mans car that raced in the 1990s.

To launch the partnership, the Gulf brand will be integrated into the McLaren Formula 1 team from the British Grand Prix 2020 on Friday 31 July – Sunday 2 August. The logo will be represented by McLaren F1 personnel throughout the 2020 F1 season, including via race drivers Lando Norris and Carlos Sainz and the McLaren pit crew. Gulf branding will also appear on the engine covers and wing mirrors of the McLaren MCL35 race cars.

“It’s great to be able to welcome back Gulf after a long historical association which has seen the name adorn many McLaren road cars and race cars over the years. McLaren has a rich history of working with class-leading partners and we’re delighted to continue this trend via our renewed partnership with Gulf. Like McLaren, the Gulf name is synonymous around the world with technical excellence and innovation and the excitement of going racing and motoring.

“Every supercar will have Gulf fuel and lubricants when it leaves the McLaren Production Centre and I know our customers will be thrilled to be able to work with our in-house bespoke team on the option of being one of the few to be able to personalise their McLaren supercar in the iconic Gulf livery.”
Mike Flewitt, Chief Executive Officer, McLaren Automotive.

“This is a very exciting partnership that brings the Gulf brand back into elite motor racing. The history books are full of remarkable tales that tell of what Gulf and McLaren have achieved in the past. Now we are together once more to write the next chapter of this unique partnership.

“We’re proud to be working alongside a brand that shares our future aspirations and our ambition for innovation both on the road and on the track. We look forward to working together and developing both Gulf and McLaren’s class-leading capabilities further.”
Mike Jones, Chief Executive Officer, Gulf Oil.

“We’re delighted to welcome Gulf back to McLaren and reunite two iconic brands back together in a new and exciting partnership. Gulf is part of McLaren’s history and are well-known for their innovation and technical excellence in the industry, with which aligns with McLaren perfectly. We are looking forward to starting our partnership together this season.”
Zak Brown, Chief Executive Officer, McLaren Racing.

bobbo89

3,402 posts

113 months

Tuesday 28th July 2020
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Sky did a similar thing last year with I Williams (I think) and also got Colin Furze in on it.

belleair302

6,527 posts

175 months

Tuesday 28th July 2020
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Gulf Oils today is owned by an Indian conglomerate that sub contracts out lubricant production and licensing of the brand. I am curious to see who signed the deal and whether there is any money involved. I don’t think Gulf Oils are quite in the same league as Exxon Mobil, BP or Shell. Gulf Oils way back was part of Chevron Texaco but was sold off as a brand name in the 90s.

FourWheelDrift

82,493 posts

252 months

Wednesday 9th December 2020
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No Strings Attached, Carlos & Lando's team mates review - https://www.youtube.com/watch?v=ocT5FRLq6fA

LaurasOtherHalf

20,295 posts

164 months

Wednesday 9th December 2020
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FourWheelDrift said:
No Strings Attached, Carlos & Lando's team mates review - https://www.youtube.com/watch?v=ocT5FRLq6fA
Wasn't as bad as I was expecting, way better than the old tooned series.

Sixpackpert

4,223 posts

182 months

Wednesday 9th December 2020
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LaurasOtherHalf said:
FourWheelDrift said:
No Strings Attached, Carlos & Lando's team mates review - https://www.youtube.com/watch?v=ocT5FRLq6fA
Wasn't as bad as I was expecting, way better than the old tooned series.
I thought the toned series was excellent to be honest. Some classic lines in it.

‘Mate, your beard slipped’ still makes me chuckle.

Edited by Sixpackpert on Wednesday 9th December 20:28

LaurasOtherHalf

20,295 posts

164 months

Wednesday 9th December 2020
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Sixpackpert said:
LaurasOtherHalf said:
FourWheelDrift said:
No Strings Attached, Carlos & Lando's team mates review - https://www.youtube.com/watch?v=ocT5FRLq6fA
Wasn't as bad as I was expecting, way better than the old tooned series.
I thought the toned series was excellent to be honest. Some classic lines in it.
I thought it was tragic, getting sportsmen to narrate a script rarely works well (Michael Owen!). This worked better as they just recorded a convo with CarLando and got the puppeteers to mime to them.

SistersofPercy

2,371 posts

134 months

Friday 11th December 2020
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I loved every moment of No Strings Attached. Two guys who genuinely seem to like each other. Loved the Honey Badger at the end as well.

ajprice

20,926 posts

164 months

Friday 11th December 2020
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FourWheelDrift said:
No Strings Attached, Carlos & Lando's team mates review - https://www.youtube.com/watch?v=ocT5FRLq6fA
The Checo line, oof hehe

Exige77

6,409 posts

159 months

Saturday 12th December 2020
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Looks like McLaren have just got a big new investor.

I think news soon.

https://news.sky.com/story/mclaren-sells-big-stake...

Hugo Stiglitz

31,427 posts

179 months

Saturday 12th December 2020
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Theyll need more than 185m. The car side will tip it over.

mick987

488 posts

78 months

Saturday 12th December 2020
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Hugo Stiglitz said:
Theyll need more than 185m. The car side will tip it over.
It is for the F1 team only

belleair302

6,527 posts

175 months

Saturday 12th December 2020
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I worry about these numbers and whats going to happen to the F1 team which may well just vanish! The current business model isnt good, the balance sheet they are trying to load with cash but current shareholders must be wanting to take back their loans before there isnt anything left. Its a sell in my portfolio!

Hugo Stiglitz

31,427 posts

179 months

Sunday 13th December 2020
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mick987 said:
It is for the F1 team only
185m is nowhere near enough for the F1 team. The company needs hundreds of millions.

Piginapoke

2,120 posts

153 months

Sunday 13th December 2020
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Hugo Stiglitz said:
Theyll need more than 185m. The car side will tip it over.
You're right that the car division is burning cash, but the Bahraini's have very deep pockets. If they sell, McLaren are gone.

ralphrj

3,129 posts

159 months

Sunday 13th December 2020
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Piginapoke said:
Hugo Stiglitz said:
Theyll need more than 185m. The car side will tip it over.
You're right that the car division is burning cash, but the Bahraini's have very deep pockets. If they sell, McLaren are gone.
I think that part of the reason that they are doing this is that they have reached the bottom of the Bahraini's pockets. The Group has been kept afloat with a short term loan and something like £300-400 million of preference shares at 15% interest.

This sale of a stake in the F1 team will raise around about the same amount of cash that McLaren need to pay off the short term loan.

The proposed sale and leaseback of the factory is also likely to only be used to settle existing debts.

kiseca

9,277 posts

187 months

Sunday 13th December 2020
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Didn't we have this same discussion just after Ricciardo signed for them?

They do seem to be in real trouble.

Kraken

1,687 posts

168 months

Sunday 13th December 2020
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belleair302 said:
I worry about these numbers and whats going to happen to the F1 team which may well just vanish! The current business model isnt good, the balance sheet they are trying to load with cash but current shareholders must be wanting to take back their loans before there isnt anything left. Its a sell in my portfolio!
The business model isn't that bad it's just that the bottom fell out of everything at precisely the wrong time in their growth.

As part of my day job I've seen several businesses in the same boat albeit on a smaller scale. Many have been caught in the early stages of new expansion and others are just young companies that needed another couple of years trading to build up cash reserves. 9 out of 10 of them are good strong companies.

MrC986

2,874 posts

159 months

Sunday 13th December 2020
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ralphrj said:
Piginapoke said:
Hugo Stiglitz said:
Theyll need more than 185m. The car side will tip it over.
You're right that the car division is burning cash, but the Bahraini's have very deep pockets. If they sell, McLaren are gone.
I think that part of the reason that they are doing this is that they have reached the bottom of the Bahraini's pockets. The Group has been kept afloat with a short term loan and something like £300-400 million of preference shares at 15% interest.

This sale of a stake in the F1 team will raise around about the same amount of cash that McLaren need to pay off the short term loan.

The proposed sale and leaseback of the factory is also likely to only be used to settle existing debts.
All major businesses have borrowings/debt although sale & leasebacks of commercial buildings are often used to help rebalance the debt situation & to provide money for further investment, so I’d be surprised if all the sale price of the land & buildings was used to pay debt off.