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
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
16h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
20h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
12h ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
12h ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
18h ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
From Italy: Arsenal & Man United handed...
Arsenal and Manchester United may have been given some very promising...
1h ago from CaughtOffside.com
Arsenal 2-0 Bayer Leverkusen: Eze's thunderbolt helps...
Match report – Player ratings – Arteta reaction – Video...
1h ago from Arseblog.com
Eze keeps Arsenal’s shot at history alive with magic...
eta’s side are 16 games from the quadruple, helped by the forward’s...
1h ago from TheGuardian.com
Eze and Rice pick off Bayer Leverkusen as Arsenal...
there anyone who can stop Arsenal in this kind of form? The Bayer...
1h ago from TheGuardian.com
Comments
Hottest News
Ferrari F1 remove controversial wing after FIA talks
Ferrari backtracked on a clever design quirk at... Read More »
1h ago from GPFans.com
Lewis Hamilton and George Russell join forces over...
There has never been a Chinese manufacturer on... Read More »
1h ago from RacingNews365.com
NASCAR driver suspended over homophobia towards IndyCar star
Daniel Dye has been suspended by NASCAR and his... Read More »
58m ago from RacingNews365.com
