Motorsport

McLaren considering sale of a minority stake in F1 team - Sky

FILE PHOTO: Formula One F1 - Pre Season Testing - Circuit de Barcelona-Catalunya, Barcelona, Spain - February 28, 2020 McLaren's Carlos Sainz Jr. in action during testing REUTERS/Albert Gea/File Photo

LONDON (Reuters) - McLaren are considering selling a minority stake in their once-dominant Formula One team to raise funds to help the company weather the COVID-19 crisis, Sky News reported on Wednesday.

It said the proposal was at a 'conceptual stage' alongside other options, including raising capital from existing bondholders.

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