News Details
McLaren taking legal action to secure ‘urgent' funds
McLaren is seeking a High Court declaration that will allow the company to use its factory and historic car collection as security for a new loan. Creditors claim those items are already down as collateral. Formula 1's extended hiatus, the result of the ongoing pandemic, has plunged several Formula 1 teams into financial trouble. McLaren is one of those. Days after it emerged that the British company is looking to sell a stake in its Formula 1 team, McLaren has taken legal steps to use its factory and car collection as security for a new loan. Stating it needs 'urgent' refinancing to address 'severe and unexpected financial' difficulties, McLaren is seeking a High Court order that would...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams to use tracing app for 2020 season
Formula 1 teams will be required to use a contact tracing app to limit...
5y ago from GrandPrix247.com
McLaren run F3 cars at Silverstone
While Racing Point has driven its 2020 car and Mercedes has taken its 2018...
5y ago from TheParcFerme.com
Sky seeking significant refund from F1
As it is revealed that Sky Sports has agreed a £170m rebate from the...
5y ago from Pitpass.com
Formula 1 is in no hurry to allow fans: "Would...
Ross Brawn has let it be known that Formula 1 is quietly looking at...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
How Fabio Di Giannantonio struck a nerve with Pedro...
No description available...
19h ago from Motorsport.com
How winding back the clock helped Fabio Quartararo...
No description available...
21h ago from Motorsport.com
Guenther Steiner: Tech3 2027 MotoGP rider line-up to...
Tech3 team boss Guenther Steiner has revealed that the team will decide...
20h ago from MotorsportWeek.c...
Francesco Bagnaia: "Admirable" Jorge Martin...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou opens Indy 500 practice with fastest time
The first day of IndyCar’s two-week build-up to the Indianapolis 500...
12h ago from MotorsportWeek.c...
Indy 500 Day 1 practice results: Alex Palou leads the...
No description available...
11h ago from Motorsport.com
Alex Zanardi – a man who overcame loss to become...
Motorsport Week takes a look back at the remarkable career of Alex...
14h ago from MotorsportWeek.c...
IndyCar, IndyCar Officiating announce changes...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
2d ago from Motorsport.com
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
2d ago from Motorsport.com
Thierry Neuville nabs Portuguese win
Sebastien Ogier and Vincent Landais had their eighth Rally de Portugal...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal urged to make bold move for versatile...
Arsenal have been told they should be ready to make a serious move for...
1h ago from CaughtOffside.com
Not Rice or Raya: Scholes names Arsenal player who...
Paul Scholes has never been the type to say something just to please...
3h ago from CaughtOffside.com
Report: Arsenal lining up historic 90m transfer...
Arsenal are reportedly lining up a 90m transfer bid for Real Madrid...
7m ago from CaughtOffside.com
Sources: Man United given 'signal' to move for 60m...
Manchester United have an interest in Sporting Lisbon midfielder and...
3h ago from CaughtOffside.com
Comments
Hottest News
No backing down: McLaren ‘definitely wants to defend’...
Despite a rocky start to his team’s 2026... Read More »
37m ago from F1i.com
Andrea Stella makes bold McLaren driver lineup claim amid...
McLaren F1 Team Principal Andrea Stella has made... Read More »
1h ago from MotorsportWeek.com
Leclerc ‘not looking forward’ to beating Schumacher’s...
For most Ferrari drivers, merely being mentioned... Read More »
1h ago from F1i.com
