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
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
18h ago from Motorsport.com
Pedro Acosta: “Forgetting about the championship”...
No description available...
19h ago from Motorsport.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
1d ago from MotorsportWeek.c...
Rain spoils debut of Honda’s 850cc engine in Sepang...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
4d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
17h ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
1d ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
‘A quick learner’: how Declan Rice went from...
fielder will be part of the conversation for a Ballon d’Or if he...
52m ago from TheGuardian.com
Manchester United and Arsenal step up interest in...
Manchester United and Arsenal have stepped up their pursuit of Belgian...
1h ago from SportsKeeda.com
Years after snubbing transfer to Liverpool and...
German footballer Julian Draxler has opened up on his failed move to...
1h ago from SportsKeeda.com
Sources: Man United & Arsenal enter race for...
Genk’s teenage sensation Konstantinos Karetsas has rapidly emerged as...
3h ago from CaughtOffside.com
Comments
Hottest News
McLaren claim controversial F1 honour as Haas suffer horror
Check out a full breakdown of the 10 fastest pit... Read More »
52m ago from RacingNews365.com
Editor's Desk: Merry Christmas folks!
The 2025 Formula 1 season is over, and the sport... Read More »
2h ago from GrandPrix247.com
Parc Ferme: Formula 1’s 2025 best & worst performers-Part...
The FIA Formula 1 Drivers’ and Constructors’... Read More »
3h ago from GrandPrix247.com
