News Details
McLaren's financial problems ‘have been solved'
Great news from McLaren with Zak Brown saying their financial problems have been 'solved' with an announcement coming before the week is out. Earlier this month reports emerged claiming that McLaren was looking to sell a minority stake in its Formula 1 team to raise much needed capital. Days later the Woking-based company began legal proceedings against its bond holders to gain permission to use its factory and historic car collection as collateral for a loan. The bond holders were opposed to the idea, adamant those possessions were their own guarantees. A day later Forbes revealed that McLaren had until mid-July to find much needed funds or the company would be declared insolvent. The...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren's financial problems 'solved' - Brown
Jun.29 McLaren's financial problems "have been solved". That...
5y ago from OneStopStrategy.com
No more financial problems for McLaren: "Taking...
Recently there were reports that McLaren was in financial difficulties....
5y ago from GPBlog.com
Technical Insight: Ferrari has solved its gearbox...
During analysis of the data Ferrari collected during the pre-season...
5y ago from MotorsportWeek.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
Elsewhere On The Network
Popular On MGPToday.com
VR46 approached by Aprilia for 2027 but new Ducati...
No description available...
22h ago from Motorsport.com
Jerez hosts three days of private MotoGP testing with...
No description available...
1d ago from Motorsport.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
1d ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from an action-packed IndyCar race...
No description available...
17h ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
1d ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
1d ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
18h ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
1d ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
5d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
U-turn: Report reveals surprise outcome of recent...
Arsenal may reportedly have cooled their interest in the potential...
3h ago from CaughtOffside.com
The big boys are back for Leverkusen trip
Morning all. We're in Champions League action this evening, taking on...
2h ago from Arseblog.com
Thierry Henry believes Arsenal and one other team are...
Arsenal legend Thierry Henry has ruled out Barcelona as top favourites for...
4h ago from SportsKeeda.com
Arsenal join 140m superstar hunt with Man United as...
Arsenal and Manchester United are looking to strengthen their attacking...
14h ago from CaughtOffside.com
Comments
Hottest News
Toto Wolff responds to McLaren's Mercedes complaint and...
Toto Wolff has hit back at its F1 rivals who rely... Read More »
1h ago from GPFans.com
Toto Wolff open to F1 rule changes after Australian GP...
While Mercedes cruised to a comfortable one-two... Read More »
1h ago from RacingNews365.com
Newey's days as Aston boss numbered – Schumacher
Mar.11 Ralf Schumacher, who knows Adrian Newey... Read More »
4h ago from OneStopStrategy.com
