News Details
McLaren fighting legal battle to borrow against historic collection
McLaren is taking legal action against a group of creditors blocking its plans to mortgage its collection of historic cars, it has been revealed. Originally announced in May, the cash-strapped company intended to raise £275m by borrowing against the McLaren Technology Centre in Woking and its extensive collection of racing cars. However, the BBC is now reporting that these plans have been temporarily put on-hold as the result of opposition from a group of creditors, who claim the cars are already being used as security as part of a bond which raised £650m in 2017. In response, McLaren has launched an action in the British High Court to get a declaration that the cars can still be used as...
Full Story »
Full Story »
4y ago from GrandPrix247.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 takes legal action in a bid to secure urgent...
The McLaren Group has launched legal action in an effort to secure urgent...
4y ago from MotorsportWeek.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
Elsewhere On The Network
Popular On MGPToday.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
1h ago from MotorsportWeek.c...
Liberty Media given “unconditional” green light...
No description available...
1h ago from Motorsport.com
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
2h ago from MotorsportWeek.c...
The winners and losers from MotoGP's Italian Grand Prix
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
17h ago from Motorsport.com
Santino Ferrucci hangs on for Road America podium,...
No description available...
18h ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
18h ago from MotorsportWeek.c...
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
18h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
5d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsecast Extra Episode 645 – 23.06.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
3h ago from Arseblog.com
Report: Arsenal have new first choice striker target,...
Arsenal have been trying to sign a striker for several windows, and the...
3h ago from FreshArsenal.com
“He is guaranteed goals” - William Gallas tells...
Pundit William Gallas has urged Arsenal to snub their latest transfer...
7h ago from SportsKeeda.com
The summer of chaff
Morning all. After a couple of weeks of travelling it's time to get my...
9h ago from Arseblog.com
Comments
Hottest News
The rich get richer: Wolff’s highly profitable 2024 F1...
Mercedes Formula 1 boss Toto Wolff received a... Read More »
52m ago from GrandPrix247.com
Liberty Media acquisition of MotoGP cleared by European...
Formula 1 owners, Liberty Media received... Read More »
52m ago from GrandPrix247.com
Cowell: Newey engineering approach collaborative – not...
Aston Martin F1 CEO and team principal Andy... Read More »
1h ago from F1i.com
