News Details
McLaren facing vital court hearing to help secure financial future
McLaren is facing a key court case on the eve of the season-opening Formula 1 grand prix in Austria as it seeks to secure its financial future. McLaren Holdings Ltd is seeking what has been described by its lawyer, Tom Smith QC, as an "urgent" round of refinancing before July 17 when it is claimed it is set to face potential insolvency. Article continues under video The company is looking for a judgment that security held over its classic car collection and Technology Centre headquarters in Woking can be released, enabling it to raise the vital funds required. Smith has claimed that deals are in the pipeline that will allow the sale of the cars and a leaseback of the property....
Full Story »
Full Story »
4y ago from GPFans.com
0
You May Also Be Interested In...
McLaren takes legal action to secure vital new loan
The McLaren Group has asked a court to allow it to use its factory and...
4y ago from F1i.com
McLaren taking legal action to secure ‘urgent'...
McLaren is seeking a High Court declaration that will allow the company...
4y ago from PlanetF1.com
McLaren take legal action to try to secure 'urgent'...
McLaren takes legal action to allow it to secure "urgent"...
4y ago from BBC.co.uk
The Parc Fermé F1 Podcast #687 Send Help!
Join Grace, Paul and me as we review the Formula 1 news of the week. We...
4y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez tops Barcelona MotoGP test as Marc makes...
No description available...
10h ago from Motorsport.com
Marquez completes first laps on factory Ducati in...
No description available...
15h ago from Motorsport.com
Mir on Honda's lack of new parts in Barcelona MotoGP...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar hopefuls complete test day at Thermal Club
Six different drivers completed a private test day at The Thermal Club on...
3h ago from MotorsportWeek.c...
Arrow McLaren parts ways with IndyCar Team Principal...
Arrow McLaren announced on Tuesday that Team Principal Gavin Ward has...
8h ago from MotorsportWeek.c...
Arrow McLaren and Team Principal Gavin Ward part ways
No description available...
10h ago from Motorsport.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Toyota targets "almost perfect” Rally Japan to...
No description available...
15h ago from Motorsport.com
How losing hybrid will affect WRC Rally1 cars in 2025
No description available...
1d ago from Motorsport.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
4d ago from Motorsport.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
West Ham could have £27.5m failure back for major...
West Ham and Niclas Fullkrug is a relationship that has yet to get going...
4h ago from CaughtOffside.com
Official announcement soon: latest Man City update is...
Pep Guardiola has agreed a contract extension with Man City which will see...
5h ago from CaughtOffside.com
Spurs 'join' Arsenal in race to sign La Liga star...
Tottenham Hotspur reportedly join rivals Arsenal in the race to sign a La...
7h ago from SportsMole.co.uk
Leandro Trossard injury: Why Arsenal attacker could...
Arsenal winger Leandro Trossard could benefit from a couple of weeks on...
6h ago from SportsMole.co.uk
Comments
Hottest News
Perez Red Bull future takes SHOCK twist as Ricciardo...
Sergio Perez’s Red Bull future could take a... Read More »
3h ago from GPFans.com
Verstappen makes debut in Honda hypercar: Here are the...
Max Verstappen is fast in anything that has four... Read More »
4h ago from GPBlog.com
MotoGP reveals new identity ahead of Liberty Media's...
Hot on the heels of the nail-biting... Read More »
3h ago from F1Technical.net
