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 »
5y 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...
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 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 take legal action to try to secure 'urgent'...
McLaren takes legal action to allow it to secure "urgent"...
5y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
9h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
10h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Official race results: 2026 IndyCar Grand Prix of...
No description available...
1h ago from Motorsport.com
Kyle Kirkwood leads Andretti romp to take IndyCar...
IndyCar tackled the new street track in Arlington, Texas on Sunday, with...
59m ago from MotorsportWeek.c...
IndyCar 2026 Arlington – Race Results
Kyle Kirkson won the 2026 IndyCar Java House Grand Prix of Arlington to...
1h ago from MotorsportWeek.c...
Kyle Kirkwood beats Palou to win Arlington GP and take...
No description available...
1h ago from Motorsport.com
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
1h ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
5h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
7h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
3h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
8h ago from SportsKeeda.com
Chelsea legend John Terry says Arsenal talent Max...
Chelsea legend John Terry compared Arsenal wonderkid Max Dowman to Lionel...
9h ago from SportsKeeda.com
Nerves were meant to afflict Arsenal, but Manchester...
t Ham draw shows City trying to create a sense of who they are, but...
9h ago from TheGuardian.com
Comments
Hottest News
Does F1 have a backup plan? FIA confirm review of...
The FIA's single seater director Nikolas Tombazis... Read More »
1h ago from GPFans.com
F1: 'I'm back to my best,' declares Hamilton
What a difference a year makes, as Lewis Hamilton... Read More »
1h ago from Pitpass.com
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
9h ago from GPFans.com
