News Details
Report: McLaren to receive loan from National Bank of Bahrain
McLaren are on the verge of securing a loan from Bahrain's national bank in order to resolve its cash-flow problems, it was reported on Wednesday. With its finances decimated by the COVID-19 pandemic, the BBC is now reporting that the company will receive a loan from the National Bank of Bahrain (NBB), pending board approval. Bahrain Mumtalakat Holding Company, which is the majority shareholder in the McLaren Group, owns a 49% stake in the NBB. Despite a £291m cash injection from investors in March, McLaren claims those funds have been entirely spent in the interim, necessitating further investment which has proved difficult to come-by. Just earlier this week, the company's recent plan to...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren set to take loan from Bahrain bank
Carlos Sainz tests for McLaren during pre-season The cash-strapped...
4y ago from SpeedCafe.com
McLaren poised to secure loan from National Bank of...
McLaren is poised to secure a loan from the National Bank of Bahrain to...
4y ago from BBC.co.uk
McLaren in talks with Bahrain's national bank over...
The McLaren Group is in talks with the National Bank of Bahrain to secure...
4y ago from MotorsportWeek.com
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...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez tops the first practice timesheets at...
Factory Ducati rider Marc Marquez topped the timesheets in the first...
12m ago from MotorsportWeek.c...
Franco Morbidelli outlines Argentina MotoGP goals...
VR46 Ducati rider Franco Morbidelli outlined his main goal for the...
5h ago from MotorsportWeek.c...
Martin's recovery slow, will miss planned return at...
No description available...
21h ago from Motorsport.com
Jorge Martin confirms he will miss the Americas MotoGP...
Defending MotoGP champion Jorge Martin has confirmed he will miss the...
22h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Date set for IndyCar’s inaugural Grand Prix of...
The NTT IndyCar Series has announced a date for the first running on the...
22h ago from MotorsportWeek.c...
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
2d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
2d ago from Motorsport.com
Takuma Sato to contest 16th Indy 500 with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai shelves its 2025 WRC car upgrades for Safari...
No description available...
2h ago from Motorsport.com
FIA steps in after WRC fuel supplier goes into...
No description available...
4d ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Chelsea coach Enzo Maresca makes big selection call as...
No description available...
32m ago from SportsKeeda.com
'I have said…' – Liverpool & Arsenal...
Newcastle United striker Alexander Isak has insisted once again that he's...
1h ago from CaughtOffside.com
Arsenal just got closer to £67.3m first summer...
Arsenal should hold the advantage in their bid to land Nico Williams in...
1h ago from CaughtOffside.com
What is the true narrative of Arsenal's season?
Forever destined to fall short? Killed by the misfortune of injuries and...
1h ago from SkySports.com
Comments
Hottest News
Australian Grand Prix FP2: Leclerc fastest, McLaren strong
Charles Leclerc topped the second practice for... Read More »
8h ago from GrandPrix247.com
FIA announce MANDATORY rule for all F1 teams at Australian...
The FIA has announced a mandatory rule change... Read More »
3h ago from GPFans.com
Hamilton still needs to adapt his driving style to...
Having complained about severe understeer behind... Read More »
1h ago from F1Technical.net
