News Details
McLaren could mortgage factory and classic F1 cars
McLaren is considering mortgaging its factory and classic Formula 1 cars in an attempt to raise funds to see it through the financial uncertainty caused by the coronavirus crisis. Sky News reports that the British F1 team owner McLaren Group is in talks to raise up to £275m by mortgaging its iconic Surrey headquarters and one of the world’s most valuable historic car collections. The strategy is being pursued by McLaren and its advisor JP Morgan after it emerged the UK government’s Department for Business, Energy and Industrial Strategy had rejected a £150m loan plea. The supercar maker is looking to shore up its balance sheet after taking a financial hit due to a lack of sales and...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren exploring funding options amidst financial...
McLaren is considering various funding options to help the sportscar...
5y ago from GrandPrix247.com
Horner on crisis: 'The right people need to take the...
Christian Horner expects that Formula 1 will come out of the current...
5y ago from GPBlog.com
MotoGP intends to kick off the season at the end of...
F1 Grand Prix, GP Spain, Circuit de Catalunya After long discussions...
5y ago from F1Technical.net
Daniel Ricciardo: First race after coronavirus break...
Renault's Daniel Ricciardo expects the first race of the season to be...
5y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez only cares about MotoGP title and not...
No description available...
1h ago from Motorsport.com
Marc Marquez dominates to record fifth successive...
Marc Marquez made history for Ducati after dominating the Czech MotoGP...
4h ago from MotorsportWeek.c...
MotoGP Czech GP: Marc Marquez wins at Brno as title...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Santino Ferrucci out of Toronto IndyCar race after...
No description available...
2h ago from Motorsport.com
Ferrucci ruled out of IndyCar Toronto round after...
AJ Foyt Racing has announced that Santino Ferrucci will not compete in...
2h ago from MotorsportWeek.c...
IndyCar Toronto – Qualifying Results
A knockout qualifying session for the NTT IndyCar Series took place on...
20h ago from MotorsportWeek.c...
Andretti tops Team Penske in IndyCar’s second...
IndyCar took to the streets of Toronto on Saturday morning, turning...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
5h ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
1h ago from Motorsport.com
WRC Rally Estonia: Oliver Solberg dominates in shock...
No description available...
5h ago from Motorsport.com
WRC: Oliver Solberg still leading after Saturday Rally...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
Manchester United have added player previously linked...
Manchester United have reportedly added Arsenal-linked forward Benjamin...
58m ago from SportsKeeda.com
Fabrizio Romano says Man Utd ‘will surely'...
Fabrizio Romano has confirmed that Benjamin Sesko's name continues to be...
1h ago from CaughtOffside.com
Real Madrid keeping tabs on one other PL star despite...
Real Madrid are reportedly keeping tabs on Arsenal star William Saliba but...
1h ago from SportsKeeda.com
Manchester United submit big offer to sign player keen...
Manchester United have reportedly overtaken Arsenal in the race to sign...
4h ago from SportsKeeda.com
Comments
Hottest News
Jonathan Wheatley reveals moment that triggered Red Bull...
Sauber Team Principal Jonathan Wheatley has... Read More »
3h ago from MotorsportWeek.com
Mercedes F1 boss reveals Lewis Hamilton meet-ups in Ferrari...
Mercedes F1 team principal Toto Wolff has... Read More »
1h ago from GPFans.com
Red Bull set to unleash title-defining F1 upgrades for Max...
Red Bull chief Helmut Marko has confirmed that... Read More »
2h ago from GPFans.com
