Quote:
Originally Posted by peebee2
Not quite what you wrote before. The shares aren’t sold in “principle.” They are slid and RD took mortgages in the old cars as security for the debt. Big difference as the shares cannot revert.
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Without getting too tied up in this, I do believe that McLaren raised the money from outside sources and it is they that hold the lien on the assets put up by McLaren - not Ron Dennis. And that was only to cover the first instalment. They still have to find further funds to pay for the balance of the shares, and I am pretty sure that Dennis will not let them go without receiving the full amount.
This could yet end up in court if he doesn't get his money!