News Details

McLaren takes legal action to secure vital new loan

The McLaren Group has asked a court to allow it to use its factory and heritage collection as collateral for a new loan aimed at stemming "severe and unexpected" financial difficulties. The automotive company, which includes McLaren Racing, has been legally challenged by a group of creditors who contend that the McLaren Technology Center and its heritage collection are already employed as security in a bond offering dating back to 2017, according to a report from the BBC. McLaren's global sales have collapsed since the onslaught of the coronavirus crisis, while McLaren Racing's revenues have also been severely impacted by F1's disrupted season. McLaren Racing considering selling...
Full Story »
5y ago from F1i.com 0
Share

You May Also Be Interested In...

McLaren take legal action to try to secure 'urgent'...

McLaren takes legal action to allow it to secure "urgent"...
5y ago from BBC.co.uk

McLaren takes legal action in a bid to secure urgent...

The McLaren Group has launched legal action in an effort to secure urgent...
5y ago from MotorsportWeek.com

McLaren taking legal action to secure ‘urgent'...

McLaren is seeking a High Court declaration that will allow the company...
5y ago from PlanetF1.com

Hamilton won’t face action if he ‘takes a knee’...

Formula 1 world champion Lewis Hamilton will not face action if he...
5y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar Nashville – Qualifying Results

The final qualifying session of the 2025 IndyCar season took place on...

Callum Ilott, Christian Rasmussen given IndyCar grid...

The NTT IndyCar Series has handed out grid penalties for two drivers...

O’Ward tops 202 MPH to take IndyCar pole in Nashville

The NTT IndyCar Series is visiting Nashville Superspeedway this weekend,...

Popular On TotalWRC.com

Sebastian Ogier and Vincent Landais win inaugural...

After dropping over half a minute on the opening day to winning Rally del...

Popular On GunnersToday.com

'This is unacceptable', 'You have no excuses' -...

Arsenal fans on X (formerly Twitter) are blaming Mikel Arteta for the...
1h ago from SportsKeeda.com

Liverpool 1-0 Arsenal: Premier League player ratings...

inik Szoboszlai stood out even before his winning goal while Viktor...
51m ago from TheGuardian.com

Dominik Szoboszlai’s wonder strike sinks Arsenal and...

Liverpool are to successfully defend their Premier League title, they will...
2h ago from TheGuardian.com

Liverpool 1-0 Arsenal: Premier League updates – as...

boszlai settled the match with a superb free-kick to keep Liverpool’s...
1h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.