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
Joan Mir to test Honda’s 2027 MotoGP bike in Brno...
No description available...
1h ago from Motorsport.com
Pirelli doesn't intend to make a "Marquez"...
No description available...
1d ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
4d ago from MotorsportWeek.c...
Inside Marc Marquez’s new approach to racing after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Longtime IndyCar team owner Dennis Reinbold passes...
Dreyer and Reinbold Racing announced Sunday that the team’s owner and...
11h ago from MotorsportWeek.c...
Longtime IndyCar team owner Dennis Reinbold passes away
No description available...
12h ago from Motorsport.com
IndyCar Officiating details infraction severity levels
IndyCar Officiating has released more specific information regarding the...
2d ago from MotorsportWeek.c...
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
3d ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1w ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Approach made: Arsenal step up midfielder chase after...
Arsenal have taken the first steps towards a possible summer move for AS...
2h ago from CaughtOffside.com
Premier League attacker targeted by Arsenal & Man...
Arsenal, Manchester City and Manchester United are all reportedly keeping...
2h ago from CaughtOffside.com
Sources: Arsenal and Man United battling European...
Arsenal and Manchester United could face a major challenge if they decide...
3h ago from CaughtOffside.com
World Cup round-up: Arsenal boys on the scoresheet
Morning. We had our first real ‘wow' moment of the World Cup...
3h ago from Arseblog.com
Comments
Hottest News
Domenicali hopes Alonso stays in F1 ‘for 50 years'
Jun.15 Stefano Domenicali has added his voice to... Read More »
44m ago from OneStopStrategy.com
FIA president hints BYD ‘the right team' for 12th...
Jun.15 Mohammed Ben Sulayem has added fuel to... Read More »
44m ago from OneStopStrategy.com
Late FIA announcement to change race result has 'created a...
The FIA and its stewards are not in many team's... Read More »
3h ago from GPFans.com
