McLaren selling one third of team for $245m

McLaren is reportedly selling 33 percent of its famous Formula 1 team for some $245 million. Under Zak Brown’s leadership, which will reportedly continue despite the deal that could be announced on Sunday, McLaren has been open about its efforts to restructure its debts. Brown said in Abu Dhabi that he is “very comfortable” about putting together a budget for 2021 big enough to hit the limits of the new $145 budget cap. However, that future will not involve Carlos Sainz, who says his full focus will switch to Ferrari as soon as he sees the chequered flag on Sunday.

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