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
MotoGP announces free 24/7 streaming service across...
MotoGP has announced a partnership with C15 studios to produce a free...
17h ago from MotorsportWeek.c...
Why LCR Honda won’t field injury replacement for...
No description available...
17h ago from Motorsport.com
MotoGP to stream free in US on new dedicated 24/7...
No description available...
1d ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
2d ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
3d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
2d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How drones will change the way you watch motorsport
No description available...
15h ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Thursday bits: The captaincy, Zinchenko on not playing
Morning. The new season creeps ever closer. Maybe that's why people seem a...
43m ago from Arseblog.com
Report: Aston Villa in talks to sign Arsenal attacker
Aston Villa are exploring the opportunity to add attacker players to their...
33m ago from CaughtOffside.com
Heated moments that get more fiery each time! Best of...
Ahead of their season opener live on Sky, take a look at the most heated...
1h ago from SkySports.com
“I think that is what is important” - Sesko says...
New Manchester United signing Benjamin Sesko has outlined his strengths...
23m ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Lewis Hamilton criticised over recent claims...
Lewis Hamilton has been criticised for his recent... Read More »
1h ago from GPFans.com
Lewis Hamilton Ferrari lifeline emerges as surprise...
F1 legend Lewis Hamilton has endured a tricky... Read More »
33m ago from GPFans.com
Wolff doesn't think Horner has 'gone forever' despite shock...
On the back of Christian Horner's shock exit from... Read More »
43m ago from F1Technical.net
