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 »
3y 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...
3y 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...
3y 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...
3y 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...
3y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Spanish GP: Alex Marquez leads Gresini 1-2 in...
No description available...
2h ago from Motorsport.com
Alex Marquez leads Gresini 1-2 in opening MotoGP Jerez...
Alex Marquez topped the times in the opening practice session for this...
2h ago from MotorsportWeek.c...
Pedrosa: Acosta proves KTM MotoGP bike 'can help good...
No description available...
3h ago from Motorsport.com
2024 MotoGP Spanish Grand Prix – How to watch,...
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
Dale Coyne calls in Ghiotto for next two IndyCar rounds
On Thursday, Dale Coyne Racing announced that Luca Ghiotto would be...
11h ago from MotorsportWeek.c...
The plot twist that gave Arrow McLaren’s Ward his...
No description available...
18h ago from Motorsport.com
Luca Ghiotto to make IndyCar debut with Dale Coyne...
No description available...
20h ago from Motorsport.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC looking to add F1-style team radio to TV broadcasts
No description available...
18h ago from Motorsport.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
2d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
1d ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Premier League: 10 things to look out for in this...
erpool await a dead-ball salvo, Luton have to keep their chins up and...
53m ago from TheGuardian.com
Can you name the all-time leading scorers in the North...
Sports Mole challenges you to name the all-time North London derby leading...
2h ago from SportsMole.co.uk
Exclusive: 100m-rated ace targeted by Arsenal as...
It's set to be another busy transfer window for Arsenal this summer, as...
2h ago from CaughtOffside.com
Combined XI: Tottenham Hotspur vs. Arsenal
Ahead of Sunday's North London derby between Tottenham Hotspur and Arsenal...
1h ago from SportsMole.co.uk
Comments
Hottest News
Newey exit DATE revealed as Red Bull F1 chief set to leave
A date for when Red Bull design guru Adrian Newey... Read More »
6h ago from GPFans.com
'Negotiations between Newey and Ferrari already at advanced...
Red Bull Racing claims to know nothing about the... Read More »
2h ago from GPBlog.com
F1 team set to axe BOTH star drivers
Stake F1 Team Kick Sauber are set to part ways... Read More »
2h ago from GPFans.com