The Middle East backers who tried to buy Newcastle United last summer are reportedly in advanced talks to acquire a stake in McLaren Group.
Saudi Arabia's Public Investment Fund were part of a £340million bid for the Magpies last summer along with Amanda Staveley and the Reuben brothers.
The British supercar manufacturer and Formula One (F1) team owners are, according to Sky News, could take part in a £550m equity-raise.
The reports say that PIF could plough £400million into the McLaren Group.
The Woking-based company needed government loans to keep them out of trouble during the pandemic.
However, PIF remain committed to any possible Newcastle deal should Mike Ashley win his legal battle against the Premier League.
Ashley is trying to show that PIF, not the Saudi-state, would have been controlling the club.
The Toon owner is awaiting the outcome of the court battle between St James' Holdings and the Premier League.
An arbitration case is due this month and an anti-competition claim is being disputed by top-flight chiefs.
