News Details
McLaren gets £150m lifeline from National Bank of Bahrain
The McLaren Group has received a crucial lifeline in the form of a £150 million loan from the national Bank of Bahrain that will buy the company some precious time as it seeks to refinance itself. The automotive group which includes the McLaren F1 team hit the skids recently, with its car sales tumbling amid the coronavirus crisis, compelling its principal shareholders - Bahrain sovereign wealth fund Mumtalakat, Mansour Ojjeh and Canadian businessman Michael Latifi - to seek an influx of cash to help it weather the storm. McLaren takes legal action to secure vital new loan McLaren's most recent attempt to raise funds has been temporarily blocked by a group of creditors who contend that...
Full Story »
Full Story »
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...
3y ago from GrandPrix247.com
McLaren ‘seeking £150m Bahrain bank loan'
McLaren are set to address their financial worries by arranging a loan...
3y ago from PlanetF1.com
McLaren secures vital £150m loan from Bahrain's...
McLaren's short-term future has been secured after confirmation of a...
3y ago from MotorsportWeek.com
McLaren secures £150m loan from Bahrain bank to ease...
McLaren's immediate financial concerns have been eased following the...
3y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
11h ago from Motorsport.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
8h ago from MotorsportWeek.c...
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Long Beach: O’Ward leads Power in opening...
No description available...
2h ago from Motorsport.com
O’Ward blasts to the top of IndyCar’s opening Long...
The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
2h ago from MotorsportWeek.c...
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
9h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
9h ago from Motorsport.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
5h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
5h ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
Manchester United Transfer News Roundup: Ivan Toney...
No description available...
4h ago from SportsKeeda.com
Aston Villa line up summer move for £60m Chelsea flop
Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
5h ago from CaughtOffside.com
Mikel Arteta says it is 'too soon' for £38m defender...
Arsenal manager Mikel Arteta has provided an injury update on summer...
5h ago from CaughtOffside.com
Troy Deeney names strikers who Arsenal should look to...
No description available...
8h ago from SportsKeeda.com
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
9h ago from GPFans.com
Hamilton dealt China blow after major FIA decision as...
Lewis Hamilton had pole position snatched away... Read More »
4h ago from GPFans.com
LIVE: 2024 F1 Chinese Grand Prix - sprint
Follow along with live coverage of the 2024 F1... Read More »
34m ago from RacingNews365.com