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Team boss denies McLaren at risk of collapse
Jul.1 Team boss Andreas Seidl has denied that McLaren could have collapsed financially in 2020. Recent London High Court documents showed that the Woking based team required a huge cash injection to avoid insolvency within the month of July. This week, it emerged that a $185 million loan has been secured from the National Bank of Bahrain, which is partly owned by McLaren's Bahraini shareholders. It raises the question as to whether the team informed Daniel Ricciardo about its money problems before the Australian decided to sign up for 2021. "As always, I am direct and transparent, as is Zak (Brown)," Seidl told German-language reporters. "We had an open discussion and...
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5y ago from OneStopStrategy.com
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