News Details

McLaren's financial problems 'solved' - Brown

Jun.29 McLaren's financial problems "have been solved". That is the claim of team supremo Zak Brown, mere days after it emerged that McLaren was actually looking towards a July hearing in the London High Court to avoid insolvency. Shortly after that news, rumours that McLaren could be rescued by a loan from the National Bank of Bahrain emerged. When asked about the alarming situation at Woking, Brown told Auto Motor und Sport: "The problems have been solved. "You will hear positive news from us in the next few days." McLaren will then be well position for the future with the budget cap coming in for 2021 and beyond, he added. "We are able to make full use of...
Full Story »
Share

You May Also Be Interested In...

No more financial problems for McLaren: "Taking...

Recently there were reports that McLaren was in financial difficulties....
4y ago from GPBlog.com

Brown: The 2020 midfield battle is going to be tougher

McLaren Racing CEO Zak Brown says that the Formula 1 midfield battle will...
4y ago from GrandPrix247.com

Brown: Holding back information from Sainz 'not...

McLaren boss Zak Brown says Carlos Sainz will not be kept out of the...
4y ago from F1i.com

Brown: The sport wins if fans win with new rules

Formula 1's new balancing measures from 2021 onwards are a win for all...
4y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Pramac Yamaha team to make Moto2 debut in 2025

Pramac Yamaha have officially announced its partnership will extend into...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal transfer news: Barcelona 'set Raphinha asking...

Barcelona reportedly reach a decision over what they deem to be an...
1h ago from SportsMole.co.uk

Real Madrid midfielder Federico Valverde 'turned down'...

Real Madrid midfielder Federico Valverde reveals that he had wanted to...
2h ago from SportsMole.co.uk

“Arteta loves to play games': 27-year-old Arsenal...

The margins in the Premier League are often very fine and in order to get...
1h ago from CaughtOffside.com

'Not in the manager's plans' – Insider claims...

Arsenal manager Mikel Arteta could reportedly be ready to offload as many...
2h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.