News Details
McLaren fighting legal battle to borrow against historic collection
McLaren is taking legal action against a group of creditors blocking its plans to mortgage its collection of historic cars, it has been revealed. Originally announced in May, the cash-strapped company intended to raise £275m by borrowing against the McLaren Technology Centre in Woking and its extensive collection of racing cars. However, the BBC is now reporting that these plans have been temporarily put on-hold as the result of opposition from a group of creditors, who claim the cars are already being used as security as part of a bond which raised £650m in 2017. In response, McLaren has launched an action in the British High Court to get a declaration that the cars can still be used as...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren takes legal action to secure vital new loan
The McLaren Group has asked a court to allow it to use its factory and...
4y ago from F1i.com
McLaren taking legal action to secure ‘urgent'...
McLaren is seeking a High Court declaration that will allow the company...
4y ago from PlanetF1.com
McLaren takes legal action in a bid to secure urgent...
The McLaren Group has launched legal action in an effort to secure urgent...
4y ago from MotorsportWeek.com
McLaren take legal action to try to secure 'urgent'...
McLaren takes legal action to allow it to secure "urgent"...
4y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Martin: Bastianini’s Misano move “bit too much”,...
No description available...
1h ago from Motorsport.com
Marquez: Double Misano win will be a long shot despite...
No description available...
2h ago from Motorsport.com
Bagnaia leads Martin, Marquez in Emilia Romagna GP...
No description available...
2h ago from Motorsport.com
Enea Bastianini wins controversial Misano MotoGP race...
Enea Bastianini earned Ducati their 100th MotoGP win after a...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Felipe Drugovich granted IndyCar test with Chip...
2022 FIA Formula 2 World Champion Felipe Drugovich has landed an NTT...
1d ago from MotorsportWeek.c...
FBI descend on Rahal Letterman Lanigan Racing base
According to multiple reports, the Federal Bureau of Investigation (FBI)...
1d ago from MotorsportWeek.c...
Rahal Letterman Lanigan investigated by the FBI: What...
No description available...
2d ago from Motorsport.com
2022 F2 champ Drugovich testing with Ganassi later...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Inside the WRC’s search for its next Michele Mouton
No description available...
1d ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
6d ago from Motorsport.com
WRC selects women’s driver development programme...
No description available...
3d ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta makes shock change to Arsenal line-up to...
Mikel Arteta has handed Riccardo Calafiori his full debut in arguably...
41m ago from CaughtOffside.com
Man City vs. Arsenal confirmed XIs: Major Kevin De...
Manchester City and Arsenal confirm their starting lineups for today's...
31m ago from SportsMole.co.uk
Manchester City v Arsenal: Premier League – live
t;li>Match at the Etihad Stadium kicks off at 4.30pm (BST)<a...
1h ago from TheGuardian.com
Arsenal star keen on leaving Mikel Arteta's side in...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 2024 Singapore Grand Prix starting grid with penalties...
The FIA have announced the starting grid for... Read More »
8h ago from GPFans.com
Drivers' World championship standings | Norris narrows gap...
Lando Norris did himself a favour by winning the... Read More »
1h ago from GPBlog.com
2024 F1 Singapore Grand Prix - results
Check out the full results from round 18 of the... Read More »
1h ago from RacingNews365.com
