News Details
McLaren taking legal action to secure ‘urgent' funds
McLaren is seeking a High Court declaration that will allow the company to use its factory and historic car collection as security for a new loan. Creditors claim those items are already down as collateral. Formula 1's extended hiatus, the result of the ongoing pandemic, has plunged several Formula 1 teams into financial trouble. McLaren is one of those. Days after it emerged that the British company is looking to sell a stake in its Formula 1 team, McLaren has taken legal steps to use its factory and car collection as security for a new loan. Stating it needs 'urgent' refinancing to address 'severe and unexpected financial' difficulties, McLaren is seeking a High Court order that would...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams to use tracing app for 2020 season
Formula 1 teams will be required to use a contact tracing app to limit...
4y ago from GrandPrix247.com
McLaren run F3 cars at Silverstone
While Racing Point has driven its 2020 car and Mercedes has taken its 2018...
4y ago from TheParcFerme.com
Sky seeking significant refund from F1
As it is revealed that Sky Sports has agreed a £170m rebate from the...
4y ago from Pitpass.com
Formula 1 is in no hurry to allow fans: "Would...
Ross Brawn has let it be known that Formula 1 is quietly looking at...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
5d ago from MotorsportWeek.c...
Yamaha officially begins testing of V4 MotoGP engine
Yamaha technical director Max Bartolini has confirmed the MotoGP factory...
1d ago from MotorsportWeek.c...
Injured MotoGP champion Jorge Martin released from...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu has ‘opportunities' in...
Kenan Sofuoglu has revealed that Toprak Razgatlioglu has riding...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren steps outside of the all-Papaya livery...
No description available...
1h ago from Motorsport.com
Arrow McLaren unveils new themed liveries for Indy 500
Arrow McLaren has unveiled a trio of special liveries for the upcoming...
1h ago from MotorsportWeek.c...
IndyCar outlines replacement driver rules for Indy 500
The NTT IndyCar Series has released updated guidelines that will be...
4d ago from MotorsportWeek.c...
IndyCar sees 50% viewership drop on FOX after going...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Details of WRC’s first rally in Paraguay emerge
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sverre Nypan: Arsenal snub exposes specific Gunners...
Arsenal journalist Charles Watts explains why he is not 'losing sleep'...
49m ago from SportsMole.co.uk
“That’s the two who are very close to us” -...
Ethan Nwaneri has named Declan Rice and Bukayo Saka as the players who...
2h ago from SportsKeeda.com
Manchester United receive Viktor Gyokeres 'boost' that...
Manchester United reportedly receive a boost in the pursuit of Sporting...
3h ago from SportsMole.co.uk
Manchester United open discussions with Bundesliga...
Manchester United have commenced talks with the representatives of Arsenal...
6h ago from SportsKeeda.com
Comments
Hottest News
FIA release statement after confirming Verstappen Saudi GP...
The FIA have released a decision document... Read More »
4h ago from GPFans.com
Horner produces stunning evidence to dispute Verstappen...
Christian Horner has produced a series of shots... Read More »
2h ago from GPFans.com
Angela Cullen joins race winner in star-studded 'reunion'
A Sky Sports F1 presenter has revealed a... Read More »
59m ago from GPFans.com
