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McLaren gets quick court case for refinancing
McLaren is struggling financially because of the corona crisis which has forced the car manufacturer to go to court for a planned refinancing. The court has now scheduled a court case on July 2 The step to court has now been taken because the need is high at the English race stables. They are in dire financial straits. An earlier attempt to seek financial support from the British government was unsuccessful, so they want to refinance their head office and their fleet. They want to get a mortgage on it, which will release money they can use to pay their current bills. Read more Brawn disagrees with Ecclestone: 'Quitting the shoe wouldn't have been smart' At an earlier stage, the plan was...
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4y ago from GPBlog.com
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