Information that News was able to obtain indicates that F1 Arcade and Liberty Media—the investment firm Cheyne and the British rival bank Oaknorth—are nearly finished settling on the terms of the new loan arrangement.
The agreement is anticipated to be finalized in the upcoming week, only days before Silverstone’s British Grand Prix, according to city sources on Wednesday.
The McLaren Racing driver Lando Norris and Imbiba, an investment vehicle that specializes in the entertainment and hospitality industries, are among the company’s stockholders.
Investors include DMG Ventures, the parent firm of the Daily Mail’s venture capital division.
It presently only runs three locations, one of which is in Boston, Massachusetts, but by the end of 2027, it hopes to have more than 30 locations worldwide.
At its flagship location in the City of London, F1 Arcade offers hundreds of racing simulators where patrons can engage in competitive racing, catering to the increasing desire for more immersive leisure activities.
The management team behind Flight Club, which serves darts aficionados in a similar manner, and Puttshack, a technology-enabled crazy golf business, launched it.
