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 »
4y 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...
4y ago from OneStopStrategy.com
No more financial problems for McLaren: "Taking...
Recently there were reports that McLaren was in financial difficulties....
4y ago from GPBlog.com
Technical Insight: Ferrari has solved its gearbox...
During analysis of the data Ferrari collected during the pre-season...
4y 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...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu has ‘opportunities' in...
Kenan Sofuoglu has revealed that Toprak Razgatlioglu has riding...
1h ago from MotorsportWeek.c...
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
2d ago from MotorsportWeek.c...
Jorge Martin provides injury update after Qatar MotoGP...
World Champion Jorge Martin says he is still experiencing “intense...
1d ago from MotorsportWeek.c...
Jorge Martin faces at least two weeks in Qatar hospital
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar outlines replacement driver rules for Indy 500
The NTT IndyCar Series has released updated guidelines that will be...
1d ago from MotorsportWeek.c...
NFL star Rob Gronkowski named Grand Marshal of Indy...
Indianapolis Motor Speedway announced a unique appointment on Wednesday,...
1d ago from MotorsportWeek.c...
IndyCar sees 50% viewership drop on FOX after going...
No description available...
4d ago from Motorsport.com
From Europe to America: Dennis Hauger on why he...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Details of WRC’s first rally in Paraguay emerge
No description available...
1w ago from Motorsport.com
Outback diplomacy: Finnish ambassador braves...
o Haapea hopes to raise $30,000 for cancer research as he navigates the...
1w ago from TheGuardian.com
Popular On GunnersToday.com
'I stand by this…' – Man Utd legend...
Manchester United legend Rio Ferdinand has made the big claim that his old...
1h ago from CaughtOffside.com
'Madrid today, yesterday and always' - Sergio Ramos...
Former Real Madrid skipper Sergio Ramos has jumped in defense of the club...
1h ago from SportsKeeda.com
Fabrizio Romano reveals Liverpool have the edge over...
Fabrizio Romano has provided an update on the futures of three key players...
17m ago from CaughtOffside.com
New 100m price tag: Liverpool & Arsenal transfer...
Liverpool and Arsenal may reportedly now have to pay even more for the...
2h ago from CaughtOffside.com
Comments
Hottest News
FIA confirm Red Bull change as extreme conditions hit Saudi...
The FIA have confirmed that Red Bull have made... Read More »
57m ago from GPFans.com
Helmut Marko identifies dream Red Bull replacement
Who does Helmut Marko want to replace him when he... Read More »
6h ago from RacingNews365.com
Outside Line: A year ago Jos said Red Bull will...
In a recent 2 Soft Compounds podcast episode, I... Read More »
1h ago from GrandPrix247.com
