News Details
McLaren ‘seeking £150m Bahrain bank loan'
McLaren are set to address their financial worries by arranging a loan from the National Bank of Bahrain (NBB) to provide a £150m cash injection next month. Autosport are reporting the move would allow the company to obtain at least the first stage of the required refinancing from a ‘friendly’ organisation that shares a significant part of its ownership with McLaren itself. The NBB is 44% owned by the Mumtalakat Holding Company, Bahrain's sovereign wealth fund, which also owns 56% of McLaren. A loan between the two parties would be on more favourable terms than those available on the financial markets. Court documents have indicated McLaren are seeking £280m altogether and that new...
Full Story »
Full Story »
4y ago from PlanetF1.com
0 Comments
You May Also Be Interested In...
Report: McLaren to receive loan from National Bank of...
McLaren are on the verge of securing a loan from Bahrain's national bank...
4y ago from GrandPrix247.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 set to take loan from Bahrain bank
Carlos Sainz tests for McLaren during pre-season The cash-strapped...
4y ago from SpeedCafe.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 sets the benchmark in second Argentina...
Marc Marquez set the benchmark lap time in the second Argentina MotoGP...
4h ago from MotorsportWeek.c...
Friday practice could decide MotoGP Argentina GP in...
No description available...
18m ago from Motorsport.com
Marc Marquez tops the first practice timesheets at...
Factory Ducati rider Marc Marquez topped the timesheets in the first...
8h ago from MotorsportWeek.c...
Aprilia: MotoGP to evaluate special test ahead of...
No description available...
3h ago from Motorsport.com
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...
1d ago from MotorsportWeek.c...
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
3d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
3d 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...
11h 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
Mikel Arteta defends ‘brave’ White for England...
t;li>Defender has not played for country since 2022White now back in...
1h ago from TheGuardian.com
Greatest ever League Cup finals: Majestic Martins,...
Ahead of Sunday's EFL Cup final between Liverpool and Newcastle, Sports...
2h ago from SportsMole.co.uk
Italy confirm 25-man Nations League squad: Ex-Chelsea...
Italy head coach Luciano Spalletti names his 25-man squad for this month's...
2h ago from SportsMole.co.uk
Arsenal 'monitoring' £12.5m La Liga defender as Mikel...
Arsenal reportedly identify Espanyol defender Omar El Hilali as a summer...
4h ago from SportsMole.co.uk
Comments
Hottest News
ANALYSIS: Qualying performances in the past three years
With the season-opening Australian Grand Prix... Read More »
3h ago from F1Technical.net
Verstappen in Australian GP nightmare as star abandoned on...
Max Verstappen looked uncomfortable in Melbourne... Read More »
48m ago from GPFans.com
Ferrari goes extreme with Australian GP experiment ahead of...
Technical analyst Paolo Filisetti takes a look at... Read More »
6h ago from RacingNews365.com
