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
Pedro Acosta: KTM’s 2026 MotoGP bike feels...
No description available...
2h ago from Motorsport.com
Pierre Gasly invests in MotoGP with KTM Tech3 stake
Pierre Gasly has become the first active F1 driver to invest in an Moto...
1h ago from MotorsportWeek.c...
Ducati debuts new aerodynamic package at Sepang MotoGP...
No description available...
5h ago from Motorsport.com
LCR Honda reveals split liveries for 2026 MotoGP season
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar announces Donald Trump-backed race on National...
IndyCar has announced an inaugural race on America's National Mall,...
5h ago from MotorsportWeek.c...
Will Power: Andretti “will be the best team in the...
No description available...
1d ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
3d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
4d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
6d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt big injury blow as key player set for...
Arsenal have been dealt a massive blow, with Mikel Merino set to be...
1h ago from SportsKeeda.com
Paul Merson makes bold PL title claim about Arsenal...
Former Arsenal forward Paul Merson reckons the Gunners' 4-0 Premier League...
8h ago from SportsKeeda.com
Leeds 0-4 Arsenal: That's more like it
Match report – Player ratings – Arteta reaction – Video...
9h ago from Arseblog.com
'Every game is a Cup final'- Declan Rice sends title...
Arsenal midfielder Declan Rice has issued a rallying cry to his teammates...
10h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin insider says Newey-led AMR26 is ‘on another...
Aston Martin’s 2026 challenger hasn’t turned... Read More »
3h ago from F1i.com
'Extreme' Red Bull clears first F1 hurdle as Mercedes and...
Technical analyst Paolo Filisetti takes a look at... Read More »
2h ago from RacingNews365.com
Cadillac to move from reliability to speed in Bahrain –...
After a careful shakedown in Barcelona, Cadillac... Read More »
1h ago from F1i.com
