News Details
McLaren facing vital court hearing to help secure financial future
McLaren is facing a key court case on the eve of the season-opening Formula 1 grand prix in Austria as it seeks to secure its financial future. McLaren Holdings Ltd is seeking what has been described by its lawyer, Tom Smith QC, as an "urgent" round of refinancing before July 17 when it is claimed it is set to face potential insolvency. Article continues under video The company is looking for a judgment that security held over its classic car collection and Technology Centre headquarters in Woking can be released, enabling it to raise the vital funds required. Smith has claimed that deals are in the pipeline that will allow the sale of the cars and a leaseback of the property....
Full Story »
Full Story »
5y ago from GPFans.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...
5y ago from F1i.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
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
The Parc Fermé F1 Podcast #687 Send Help!
Join Grace, Paul and me as we review the Formula 1 news of the week. We...
5y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez aims to ‘mentally defeat’ rivals, not...
No description available...
21h ago from Motorsport.com
Liberty Media can’t follow its F1 play to boost...
No description available...
1d ago from Motorsport.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
1d ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou claims FOX’s investment will be...
No description available...
12h ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
15h ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
5d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
23h ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
2d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
2d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal in action this evening + Gyokeres, Madueke,...
Morning. There's Arsenal action this evening as we take on Villarreal at...
1h ago from Arseblog.com
Report: Arsenal have second bid rejected for forward,...
Arsenal are continuing their search for a new striker to add to the club...
13h ago from FreshArsenal.com
Arsenal handed double injury boost ahead of Premier...
Arsenal have been handed a double injury boost as they gear up for their...
16h ago from SportsKeeda.com
Report: Arsenal working to complete £20m deal with...
Arsenal have already made six summer signings and they could be set to...
18h ago from FreshArsenal.com
Comments
Hottest News
Cora Schumacher only keeping name ‘for money'
Aug.6 Cora Schumacher has admitted she's keeping... Read More »
1h ago from OneStopStrategy.com
'Demoralised' Lewis Hamilton warned of 'real confrontation'...
It seems the true troubles for the seven-time F1... Read More »
1h ago from RacingNews365.com
George Russell reveals fresh Mercedes contract timeline
Toto Wolff promised George Russell he would sleep... Read More »
54m ago from RacingNews365.com
