News Details

McLaren's financial problems 'solved' - Brown

Jun.29 McLaren's financial problems "have been solved". That is the claim of team supremo Zak Brown, mere days after it emerged that McLaren was actually looking towards a July hearing in the London High Court to avoid insolvency. Shortly after that news, rumours that McLaren could be rescued by a loan from the National Bank of Bahrain emerged. When asked about the alarming situation at Woking, Brown told Auto Motor und Sport: "The problems have been solved. "You will hear positive news from us in the next few days." McLaren will then be well position for the future with the budget cap coming in for 2021 and beyond, he added. "We are able to make full use of...
Full Story »
Share

You May Also Be Interested In...

No more financial problems for McLaren: "Taking...

Recently there were reports that McLaren was in financial difficulties....
5y ago from GPBlog.com

Brown: The 2020 midfield battle is going to be tougher

McLaren Racing CEO Zak Brown says that the Formula 1 midfield battle will...
5y ago from GrandPrix247.com

Brown: Holding back information from Sainz 'not...

McLaren boss Zak Brown says Carlos Sainz will not be kept out of the...
5y ago from F1i.com

Brown: The sport wins if fans win with new rules

Formula 1's new balancing measures from 2021 onwards are a win for all...
5y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Why MotoGP hails 2025 season as a...

MotoGP promoter Dorna Sports has described the conclusion of the 2025...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Gregoire Munster confirmed for WRC Monte Carlo in...

The season opener marks a return to the event where Munster claimed his...

Romet Jürgenson to compete in opening three WRC2...

The rising Estonian talent is joined by co-driver Siim Oja and start...

Popular On GunnersToday.com

Chelsea plan to steal ‘pretty special' playmaker...

Chelsea are interested in signing the Genk midfielder Konstantinos...
9h ago from CaughtOffside.com

'That's true, yes': Transfer expert confirms Arsenal...

Arsenal are reportedly interested in signing the Borussia Dortmund...
17h ago from CaughtOffside.com

'What a massive player he is for us' - Mikel Arteta...

Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
16h ago from SportsKeeda.com

Contact made: Berta leading talks as Arsenal prepare...

Arsenal are looking to improve the midfield unit with the signing of...
18h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.