News Details
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...
Full Story »
Full Story »
5y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Seidl: Never a doubt of McLaren not being on the grid...
McLaren's Formula 1 future was never in doubt despite a cash crisis...
5y ago from GrandPrix247.com
Seidl: "Never doubted that McLaren wouldn't be on...
Last week it was announced that McLaren had applied for a £150...
5y ago from GPBlog.com
McLaren "never at risk" of not being on the...
McLaren team principal Andreas Seidl has revealed there was "never a...
5y ago from GPFans.com
Sainz has 'everything he needs to be competitive at...
McLaren team principal Andreas Seidl has no doubt Carlos Sainz will give...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
20h ago from MotorsportWeek.c...
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
22h ago from Motorsport.com
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
1d ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
2d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
2d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
3d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
World Rally Champion claims “all hopes are lost”...
No description available...
12h ago from Motorsport.com
WRC Rally Finland: Toyota locks out top five after...
No description available...
14h ago from Motorsport.com
Kalle Rovanperä leads five-driver Toyota lockout in...
Wet weather greeted the competitors on Saturday morning as the longest...
14h ago from MotorsportWeek.c...
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
Contact made: Romano confirms highly-rated Frenchman...
Arsenal are reportedly interested in signing the highly rated French...
37m ago from CaughtOffside.com
Exit talks brewing? Arsenal star open to move due to...
Jakub Kiwior's future at Arsenal remains uncertain as several clubs...
17m ago from CaughtOffside.com
Sunday round-up: BFG, friends reunited, Kiwior
Sunday. Day of rest. Unless you have a blog or you're a priest. It's a bit...
7m ago from Arseblog.com
'He could play tomorrow if the Premier League started'...
Journalist Graeme Bailey has claimed that Arsenal coaches and the Gunners'...
17h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 Hungarian Grand Prix starting grid with penalties...
Here is the official F1 starting grid for the... Read More »
1h ago from GPFans.com
How Aston Martin came close to shock F1 Hungarian GP pole
Fernando Alonso believes the Hungaroring suits... Read More »
1h ago from MotorsportWeek.com
McLaren air concern over 'complex' Oscar Piastri Lando...
Could forecasted rain prove the undoing of... Read More »
1h ago from RacingNews365.com
