McLaren

Author
Discussion

Europa1

10,923 posts

187 months

Monday 30th March 2020
quotequote all
Bo_apex said:
janesmith1950 said:
Bo_apex said:
It doesn't seem so long ago that Honda were mighty in F1.
1980s?

Their engines in the naughties weren't anything special.
Blimey !

Time certainly does fly by when you're having fun.
This deserves more credit. clap

CanAm

9,114 posts

271 months

Monday 30th March 2020
quotequote all
Bo_apex said:
janesmith1950 said:
Bo_apex said:
It doesn't seem so long ago that Honda were mighty in F1.
1980s?

Their engines in the naughties weren't anything special.
Blimey !

Time certainly does fly by when you're having fun.
It’s a similar time difference to the Lotus 72 and the pre-war Silver Arrows yikes

Fortitude

492 posts

191 months

Tuesday 31st March 2020
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DanielSan
spunkytherabbit
HighwayStar

Thank you for your posts. Very interesting and much appreciated.

MuttWagon

61 posts

59 months

Thursday 18th June 2020
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This article on a new Bruce McLaren statue was in the local rag this week but I didn’t see it pop up on any of the mainstream websites. Thought I’d share for anyone interested.


Dermot O'Logical

2,547 posts

128 months

Thursday 18th June 2020
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In other news, does anybody fancy buying a (minority) stake in McLaren?

https://www.pitpass.com/67081/McLaren-to-sell-mino...


rev-erend

21,404 posts

283 months

Thursday 18th June 2020
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Perhaps they are hoping Ron buys a few shares biggrin

ajprice

27,311 posts

195 months

Thursday 18th June 2020
quotequote all
rev-erend said:
Perhaps they are hoping Ron buys a few shares biggrin
Or Toto.

rev-erend

21,404 posts

283 months

Thursday 18th June 2020
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Too late for Toto.

He just joined the growing list of people who made a small fortune from Aston Martin, sadly they all lost a bigger fortune.

thegreenhell

15,103 posts

218 months

Thursday 18th June 2020
quotequote all
rev-erend said:
Too late for Toto.

He just joined the growing list of people who made a small fortune from Aston Martin, sadly they all lost a bigger fortune.
He also just bought a small part of Williams, so if he bought into McLaren as well then he'd own piece of every Mercedes 2021 customer team.

ajprice

27,311 posts

195 months

Thursday 18th June 2020
quotequote all
thegreenhell said:
He also just bought a small part of Williams, so if he bought into McLaren as well then he'd own piece of every Mercedes 2021 customer team.
That's what I was thinking of, go for the full set hehe

Fundoreen

4,180 posts

82 months

Thursday 18th June 2020
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You thought they had an unlimited source of funding but its probably dawning on the middle east that oil wont ever recover to stupid levels a barrel.


C Lee Farquar

4,066 posts

215 months

Thursday 18th June 2020
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thegreenhell said:
He also just bought a small part of Williams, so if he bought into McLaren as well then he'd own piece of every Mercedes 2021 customer team.
He could probably buy every team for less than Liberty paid for F1 scratchchin

sgtBerbatov

2,597 posts

80 months

Friday 19th June 2020
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rev-erend said:
Perhaps they are hoping Ron buys a few shares biggrin
I hope he does. I genuinely doubt McLaren as a whole would be in the mess it's in if he was still calling the shots.

anonymous-user

53 months

Friday 19th June 2020
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Ron was calling the shots when they dumped Mercedes for Honda and brought Fred onboard and had the useless Boulier running the F1 team. It was also his call to go for mass producing road cars.

Zak has been doing a good job of turning things around, getting good people onboard once the Honda excuse was gone. He is dealing with a road car division decimated by CV19 and issues baked in prior to his arrival.

ralphrj

3,507 posts

190 months

Friday 19th June 2020
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jsf said:
Ron was calling the shots when they dumped Mercedes for Honda and brought Fred onboard and had the useless Boulier running the F1 team. It was also his call to go for mass producing road cars.
Whitmarsh was in charge of the F1 team when McLaren announced the deal with Honda which was almost 4 years after Dennis stood down to focus on the automotive business.

jsf said:
Zak has been doing a good job of turning things around, getting good people onboard once the Honda excuse was gone. He is dealing with a road car division decimated by CV19 and issues baked in prior to his arrival.
Zak Brown has no involvement with the automotive business. His remit is limited to the racing operation only.

anonymous-user

53 months

Friday 19th June 2020
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You think the income from McLaren group doesn't impact the racing team?

ralphrj

3,507 posts

190 months

Friday 19th June 2020
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jsf said:
You think the income from McLaren group doesn't impact the racing team?
Sorry, I had misread your post as suggesting that Zak was involved in managing the automotive business rather than having to deal with the knock-on effect of issues in the automotive business.

anonymous-user

53 months

Friday 19th June 2020
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No problem.

ralphrj

3,507 posts

190 months

Friday 19th June 2020
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Just when you thought it couldn't get any worse...

McLaren were in the High Court today requesting an urgent hearing for a claim against U.S. Bank Trustees Limited who are the Security Agents for McLaren's existing financing arrangements.

The Security Agent has, at the request of the existing lenders to McLaren, refused to allow the company to use either the collection of heritage cars or the factory as security against new borrowings.

A hearing has been requested urgently as McLaren confirmed that they must obtain new funding before 17 July.

Court documents here

They are on the brink.

CoolHands

18,496 posts

194 months

Friday 19th June 2020
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What’s going on are they actually running out of money or is this just all some kind of battle for control shenanigans?

They’ve got to pay riciardos wages you know