News Details

McLaren's financial problems 'solved' - Brown

Jun.29 McLaren's financial problems "have been solved". That is the claim of team supremo Zak Brown, mere days after it emerged that McLaren was actually looking towards a July hearing in the London High Court to avoid insolvency. Shortly after that news, rumours that McLaren could be rescued by a loan from the National Bank of Bahrain emerged. When asked about the alarming situation at Woking, Brown told Auto Motor und Sport: "The problems have been solved. "You will hear positive news from us in the next few days." McLaren will then be well position for the future with the budget cap coming in for 2021 and beyond, he added. "We are able to make full use of...
Full Story »
Share

You May Also Be Interested In...

No more financial problems for McLaren: "Taking...

Recently there were reports that McLaren was in financial difficulties....
5y ago from GPBlog.com

Brown: The 2020 midfield battle is going to be tougher

McLaren Racing CEO Zak Brown says that the Formula 1 midfield battle will...
5y ago from GrandPrix247.com

Brown: Holding back information from Sainz 'not...

McLaren boss Zak Brown says Carlos Sainz will not be kept out of the...
5y ago from F1i.com

Brown: The sport wins if fans win with new rules

Formula 1's new balancing measures from 2021 onwards are a win for all...
5y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

KTM and Tech3 unveil 2026 MotoGP challengers

KTM and its sister team Tech3 have officially launched its 2026...

Popular On IndyCarToday.com

Ryan Briscoe to coach RLL drivers, fueling speculation...

Rahal Letterman Lanigan Racing has announced that it has brought on two...

Wienie 500 returns for second year in build-up to Indy...

Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...

Alex Palou responds to McLaren court ruling

Alex Palou has been ordered to pay McLaren Racing over $12 million...

Popular On TotalWRC.com

Oliver Solberg crowned the youngest ever Rallye Monte...

Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...

Popular On GunnersToday.com

Change it around for FC Kairat + Arteta's press...

Morning. We play our final league stage game of the Champions League this...
5h ago from Arseblog.com

Sources: Euro giants target move for summer signing...

Ajax have launched a major winter operation to add leadership, experience,...
6h ago from CaughtOffside.com

Arsenal, Man United and Chelsea lock horns for...

Arsenal, Manchester United and Chelsea are keeping tabs on the Freiburg...
15h ago from CaughtOffside.com

Arteta feeling bullish after Arsenal ‘take...

t;li>Head coach and players spoke in wake of United defeatSide is ‘in...
19h 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.