News Details
McLaren set to take loan from Bahrain bank
Carlos Sainz tests for McLaren during pre-season The cash-strapped McLaren is reportedly set to receive a loan from the National Bank of Bahrain (NBB) amid a legal stoush with existing lenders. Court documents lodged by the British marque reveal that it needs further liquidity by mid-July following a slump in road car sales due to the COVID-19 pandemic. Despite the threat of imminent insolvency, note holders are as yet unwilling to release security for new loans and/or sale and leaseback agreements, leading to the legal proceedings. The NBB could therefore step in to provide a lifeline, according to reports from the BBC and Sky News (United Kingdom). McLaren and the NBB share a common...
Full Story »
Full Story »
5y ago from SpeedCafe.com
0
You May Also Be Interested In...
McLaren poised to secure loan from National Bank of...
McLaren is poised to secure a loan from the National Bank of Bahrain to...
5y ago from BBC.co.uk
McLaren in talks with National Bank of Bahrain for loan
McLaren is in a bit of a financial mess to pay the upcoming bills, so...
5y ago from GPBlog.com
McLaren in talks with Bahrain's national bank over...
The McLaren Group is in talks with the National Bank of Bahrain to secure...
5y ago from MotorsportWeek.com
McLaren fighting legal battle to borrow against...
McLaren is taking legal action against a group of creditors blocking its...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
1h ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
4h ago from Motorsport.com
Marc Marquez recalls the ‘super difficult...
Marc Marquez discusses his previous MotoGP career decision to depart...
4h ago from MotorsportWeek.c...
Marc Marquez buries 10-year clash with Valentino...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
1d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
2d ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
1h ago from Motorsport.com
Hyundai upgrading Rally2 car to “cover all bases”...
No description available...
1d ago from Motorsport.com
Why WRC drivers thought Rally Saudi Arabia was too...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Double deal! Arsenal agree to sign Quintero twins from...
Arsenal have agreed a deal to sign...
47m ago from SkySports.com
Aston Villa vs Arsenal Prediction and Betting Tips |...
Aston Villa take on Arsenal in a blockbuster Premier League clash on...
2h ago from SportsKeeda.com
Where Rodrygo could be heading next amid Arsenal,...
According to TEAMtalk, 24-year-old winger Real Madrid star Rodrygo is open...
2h ago from CaughtOffside.com
Arsenal latest: Gunners sign teenage twins from Ecuador
No description available...
1h ago from SkySports.com
Comments
Hottest News
Lewis Hamilton delivers blunt verdict on ground effect F1...
Lewis Hamilton has given a less-than-fond... Read More »
1h ago from MotorsportWeek.com
Yuki Tsunoda reveals that Red Bull deal blocked potential...
Yuki Tsunoda has admitted that his contract with... Read More »
2h ago from MotorsportWeek.com
Leclerc says Ferrari early pivot to 2026 ‘a no-brainer’
Charles Leclerc isn’t sugarcoating Ferrari’s... Read More »
57m ago from F1i.com
