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
Breakthrough or false dawn? Francesco Bagnaia finds...
No description available...
13h ago from Motorsport.com
MotoGP Sepang test: Honda leads rain-hit Day 2 as...
No description available...
16h ago from Motorsport.com
Yamaha halts Sepang MotoGP running while investigating...
No description available...
19h ago from Motorsport.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
3h ago from MotorsportWeek.c...
"It's fun," says Mick Schumacher after his...
No description available...
5h ago from Motorsport.com
Mick Schumacher found the limit “pretty early” in...
No description available...
3h ago from Motorsport.com
Felix Rosenqvist: Modern IndyCar demands driving...
Felix Rosenqvist has commented about how IndyCar drivers have to push...
13h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Chelsea pushing hard to sign Championship...
Arsenal, Chelsea and Liverpool are interested in signing the Middlesbrough...
6h ago from CaughtOffside.com
Arsenal and Chelsea send high-ranking official to...
Bayern Munich attacker Lennart Karl has been linked with a move away from...
7h ago from CaughtOffside.com
Man United told to enter transfer race for ‘top'...
Manchester United have been encouraged to closely monitor the situation of...
14h ago from CaughtOffside.com
Arsenal set Bukayo Saka return date after his injury...
Arsenal have set a timeline for Bukayo Saka's potential return. The winger...
13h ago from SportsKeeda.com
Comments
Hottest News
FIA confirm F1 engine update as rivals rage about Mercedes...
The FIA have issued an update over a supposed... Read More »
8h ago from GPFans.com
F1: FW48 hits the track
Williams 2026 contender, the FW48, has finally... Read More »
4h ago from Pitpass.com
Will new Aston Martin F1 car be YELLOW? Fans stunned after...
F1 fans have convinced themselves that Adrian... Read More »
14h ago from GPFans.com
