News Details
McLaren takes legal action to secure vital new loan
The McLaren Group has asked a court to allow it to use its factory and heritage collection as collateral for a new loan aimed at stemming "severe and unexpected" financial difficulties. The automotive company, which includes McLaren Racing, has been legally challenged by a group of creditors who contend that the McLaren Technology Center and its heritage collection are already employed as security in a bond offering dating back to 2017, according to a report from the BBC. McLaren's global sales have collapsed since the onslaught of the coronavirus crisis, while McLaren Racing's revenues have also been severely impacted by F1's disrupted season. McLaren Racing considering selling...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren take legal action to try to secure 'urgent'...
McLaren takes legal action to allow it to secure "urgent"...
5y ago from BBC.co.uk
McLaren takes legal action in a bid to secure urgent...
The McLaren Group has launched legal action in an effort to secure urgent...
5y ago from MotorsportWeek.com
McLaren taking legal action to secure ‘urgent'...
McLaren is seeking a High Court declaration that will allow the company...
5y ago from PlanetF1.com
Hamilton won’t face action if he ‘takes a knee’...
Formula 1 world champion Lewis Hamilton will not face action if he...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
How MotoGP’s energy drink landscape could shift
No description available...
1h ago from Motorsport.com
Manufacturers stand up to Liberty in Jerez as MotoGP...
No description available...
20h ago from Motorsport.com
Aprilia runs 2027 MotoGP bike on track for first time...
No description available...
21h ago from Motorsport.com
Aprilia opens new development path in MotoGP with...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Rookie Caio Collet fastest in two-day Indy 500 open...
The NTT IndyCar Series held its traditional two-day open test for the...
15h ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
15h ago from Motorsport.com
PrizePicks partners with Arrow McLaren for Ryan...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
20h ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
22h ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
1d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal summoning warrior spirit in fight against...
Diego Simeone's tactical changes helped Atletico Madrid wrestle back...
47m ago from SkySports.com
Arteta will seek to use perceived injustices as...
ager may have sought an edge with his fume after first-leg draw but...
37m ago from TheGuardian.com
'You're going to have to answer' – Thierry Henry...
Arsenal legend Thierry Henry has asserted that Gunners manager Mikel...
37m ago from SportsKeeda.com
£43m fee set: Arsenal ready to cash in on big-name as...
Arsenal are reportedly ready to consider selling Myles Lewis-Skelly for...
1h ago from CaughtOffside.com
Comments
Hottest News
World champion sprinter sues Mercedes F1 team: 'Unsafe,...
A world champion runner has begun legal action... Read More »
2h ago from GPFans.com
Will Red Bull remain behind Haas and Alpine in the F1...
Red Bull surprisingly finds itself behind Haas... Read More »
57m ago from RacingNews365.com
F1 2026 Miami Grand Prix weather forecast - latest from...
The Miami Grand Prix weekend is set to provide F1... Read More »
47m ago from GPFans.com
