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McLaren’s future secured as cash-strapped team given $268m lifeline – Fox Sports
Daniel Ricciardo’s cash-strapped Formula One team McLaren has secured its financial future amid the ongoing impacts of the COVID-19 pandemic, after signing a £150 million ($A268m) loan.
The McLaren Group which includes car manufacturing as well as the Formula 1 team last month announced it was shedding 1200 jobs due to the heavy financial toll of the global pandemic. Around 70 of th…
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