McLaren team principal Andreas Seidl has revealed there was "never a doubt" the marque would not be on the Formula 1 grid despite its recent financial crisis. On Monday [June 29], it was confirmed McLaren Holdings Ltd had secured a £150million loan from the National Bank of Bahrain that eases the company's financial position in the short- and mid-term, allowing it to continue with its core activities and pursue additional funding options. Article continues under video Despite what appeared to be a grave situation for McLaren, with 1,200 redundancies from a 4,000-strong workforce also announced, Seidl said: "I've been asked if I was worried a lot about the financial...
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