News Details
McLaren taking legal action to secure 'urgent' new funds
The McLaren Group has launched legal action to allow it to secure new funds it needs to prevent it from having to sell a stake in its Formula 1 team. The BBC has reported McLaren is seeking “urgent” refinancing to combat “severe and unexpected financial difficulty” caused by the coronavirus crisis. McLaren has been seeking to raise additional funding after seeing its road car sales plummet, while it faces a severe loss in revenue from F1 due to the opening 10 races being called off because of the COVID-19 pandemic. As part of its efforts to raise funds, the Surrey-based automotive group attempted to secure a loan against its historic F1 car and McLaren Technology Centre in Woking....
Full Story »
Full Story »
You May Also Be Interested In...
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 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 fighting legal battle to borrow against...
McLaren is taking legal action against a group of creditors blocking its...
5y ago from GrandPrix247.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
Francesco Bagnaia: I have potential to make Marc...
No description available...
14h ago from Motorsport.com
Fabio Di Giannantonio: Ducati no longer have an edge...
Fabio Di Giannantonio believes Ducati no longer have an edge over rival...
21h ago from MotorsportWeek.c...
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
1d ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
8h ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
5d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
5d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier still has motivation “to go for...
No description available...
17h ago from Motorsport.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'Probably…' – Mikel Arteta appears to...
Arsenal manager Mikel Arteta has seemingly confirmed that Ethan Nwaneri is...
1h ago from CaughtOffside.com
Inter Milan 1-3 Arsenal: Gunners get their strikers...
Match report – Player ratings – Arteta reaction – Quotes...
52m ago from Arseblog.com
Arsenal on course to win the Premier League – but...
Inter needed the points more. Arsenal took them anyway. Seven changes to...
22m ago from SkySports.com
Arsenal latest: Who should start up front for the...
No description available...
1h ago from SkySports.com
Comments
Hottest News
F1 issued 'not prepared' warning over electric trick
Formula 1 teams have been utilising a fellow FIA... Read More »
32m ago from RacingNews365.com
F1 News Today: Ferrari make Lewis Hamilton move as fans...
Ferrari have reportedly moved to make a change to... Read More »
1h ago from GPFans.com
Audi boss expects ‘very bumpy’ debut season despite...
Audi chief Mattia Binotto has warned that the new... Read More »
52m ago from SkySports.com
