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
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
The winners and losers from MotoGP's Italian Grand Prix
No description available...
2h ago from Motorsport.com
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
31m ago from MotorsportWeek.c...
Marc Marquez: Mugello MotoGP win ‘unexpected'...
Factory Ducati rider Marc Marquez branded his Mugello MotoGP win as...
4h ago from MotorsportWeek.c...
Francesco Bagnaia admits it is impossible to think...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
15h ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
17h ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
16h ago from Motorsport.com
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
4d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsecast Extra Episode 645 – 23.06.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
2h ago from Arseblog.com
Report: Arsenal have new first choice striker target,...
Arsenal have been trying to sign a striker for several windows, and the...
1h ago from FreshArsenal.com
“He is guaranteed goals” - William Gallas tells...
Pundit William Gallas has urged Arsenal to snub their latest transfer...
5h ago from SportsKeeda.com
The summer of chaff
Morning all. After a couple of weeks of travelling it's time to get my...
7h ago from Arseblog.com
Comments
Hottest News
Major Ferrari and Red Bull upgrades expected in McLaren hunt
RacingNews365's technical analyst Paolo... Read More »
1h ago from RacingNews365.com
Mercedes to bring more F1 upgrades to Austria in bid to...
Mercedes has divulged that it will be bringing... Read More »
1h ago from MotorsportWeek.com
Mercedes set for MAJOR Kimi Antonelli F1 setback
Mercedes might not quite be at their pre-2021... Read More »
3h ago from GPFans.com
