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 »
5y 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...
5y ago from F1i.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
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 take legal action to try to secure 'urgent'...
McLaren takes legal action to allow it to secure "urgent"...
5y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Lap times revealed from Ducati's Balaton Park test...
No description available...
11h ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
15h ago from MotorsportWeek.c...
What we know about Ducati’s Balaton Park test ahead...
No description available...
16h ago from Motorsport.com
Marc Marquez aims to ‘mentally defeat’ rivals, not...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou claims FOX’s investment will be...
No description available...
1d ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
1d ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
6d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
2d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
3d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
How did Gyokeres do on his full Arsenal debut? And...
There was a huge roar before kick-off. Arsenal have a new striker, a new...
6h ago from SkySports.com
Viktor Gyökeres labours as Arsenal fall short against...
£64m man makes his home debut in friendly as Mikel Arteta talks about...
7h ago from TheGuardian.com
Arteta wants to wield a new Arsenal in 2025/26
It was a disappointing 2024/25 Premier League campaign for Arsenal fans...
9h ago from FreshArsenal.com
Arsenal beaten by Villarreal on Gyokeres' first start...
Viktor Gyokeres' first Arsenal start ended in defeat as Villarreal ran out...
7h ago from SkySports.com
Comments
Hottest News
Breaking: Alpine deliver Franco Colapinto medical update...
Franco Colapinto is driving today for Alpine in... Read More »
17h ago from RacingNews365.com
MotoGP winner suffers horror injuries after crash
MotoGP winner Troy Bayliss has taken to social... Read More »
6h ago from GPFans.com
Franco Colapinto suffers latest crash misery as Liam Lawson...
F1 might be on holiday but the stories never stop... Read More »
6h ago from RacingNews365.com
