F1: Lloyds fuels Silverstone with £26m loan
Chris Sylt reports that Lloyds TSB, the UK high street bank which is 41% owned by the taxpayer, has given a £26m loan to Silverstone.
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Chris Sylt reports that Lloyds TSB, the UK high street bank which is 41% owned by the taxpayer, has given a £26m loan to Silverstone.
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LDC, the private equity arm of Britain’s Lloyds Banking Group, has confirmed that it now has shares in the Virgin Racing team. First reported as holding an interest back in October, the partly government-owned bank’s stake in the team means that it is the second bank to be involved in the sport.
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Question: When will we stop referring to this team as “Manor F1, the team running under the the Virgin Banner” and just call them Virgin F1. Although the phrase “Virgin banner” makes me giggle every time.
Humor aside: The private equity arm of Lloyds Banking Group has taken…
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Private equity arm of Lloyds has made what is believed to be £10m investment in new team.
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The private equity arm of Lloyds Banking Group has revealed that it has taken a stake in the new Manor GP team which is due to compete as Virgin Racing next year.
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The Lloyds Banking Group has bought into Manor after its private equity arm LDC reportedly invested £10 million in the team
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It is possible that the British banking group Lloyds could be a partner of the Manor team as it moves into Formula One for the first time next season. Such a move would see the name, which is 43 percent public-owned, follow in the footsteps of fellow bank Santander, the owner of Abbey, Alliance & [...]
The British bank Lloyds is eying a minority stake in the new Manor Formula One team…
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