Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
On November 12th, according to Sky News, it was reported that a Chinese consortium has launched a bid to acquire the British sports car maker McLaren. The price reached £1.65 billion, equivalent to about 14.14 billion yuan. In addition to producing the world's top sports car, the McLaren Group also own a world-renowned F1 team.
In comparison to the cost of acquiring a football club, it would be several times more expensive to purchase McLaren. For example, the Suning Group spent about 2 billion yuan on purchasing shares in the famous Italian club, Inter Milan.
Compared to a football club, the McLaren's F1 team spends an amazing amount of money annually. The annual cost of a large team like McLaren is over £100 million. Two months ago, it was rumoured that Apple planned to spend £10-15 billion on the acquisition of McLaren. Both sides have denied those rumours.
Since F1 racing came to China, it has not been popular. Some people consider that this is because F1 lacks local teams and local drivers. It cannot be popular without a Chinese element. It is the main reason why the Chinese audience has paid little attention to it. If the Chinese consortium really does succeed in acquiring McLaren, F1 is likely to arouse the enthusiasm of the Chinese audience.
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
LeTV denies Bejing Guoan’s takeover deal
06 Jan 2016
Dongqiudi gains 350 million RMB in C-round financing
06 Sep 2016
Fosun teams super-agent to tap Chinese soccer industry
20 Nov 2015
China's Geely to purchase Miller Motorsports Park
20 Aug 2015
Organisers cast doubt over Chinese GP future
15 Apr 2015
More from Yutang Sports
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Yutang Sports
loading...