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
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
20h ago from MotorsportWeek.c...
22 MotoGP rounds are “too many for the body”,...
No description available...
21h ago from Motorsport.com
MotoGP circuit contracts: How long will each race...
No description available...
1d ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
6d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
2d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
3d ago from Motorsport.com
Toyota brings Corolla back to rallying with all-new...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Three points, and a little extra, up for grabs against...
Morning all. Arsenal are in Premier League action this afternoon, when...
43m ago from Arseblog.com
Chelsea rival Arsenal & Man Utd for 30m wonderkid...
Chelsea are reportedly showing an interest in highly-rated Rennes...
2h ago from CaughtOffside.com
Mikel Arteta eyes rising star as next big Arsenal...
Arsenal are hoping to sign the AC Milan defender, Davide Bartesaghi. The...
15h ago from CaughtOffside.com
Wage demand sparks transfer frenzy, Arsenal want...
Juventus attacker Kenan Yildiz continues to be with the move away from the...
16h ago from CaughtOffside.com
Comments
Hottest News
Arvid Lindblad handed 'special' Red Bull drive
Arvid Lindblad has received a 'special' Red Bull... Read More »
23m ago from GPFans.com
Is Piastri shopping around for a new drive?
Oscar Piastri may be looking for another drive,... Read More »
1h ago from GrandPrix247.com
Albon reveals proudest achievement of 2025 season with...
The 2025 Formula 1 season was nothing short of a... Read More »
23m ago from F1i.com
