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 »
5y 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...
5y 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...
5y 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...
5y 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...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
19h ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
21h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
19h ago from Motorsport.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
12h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
17h ago from Motorsport.com
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
18h ago from Motorsport.com
WRC Sweden: Oliver Solberg sets the pace to grab early...
No description available...
13h ago from Motorsport.com
Martins Sesks sets out target ahead of WRC return
No description available...
15h ago from Motorsport.com
Low snowfall throws up extra curveball for WRC crews...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
Talks held: Tottenham lead race to sign 12 G/A...
Tottenham are reportedly showing the strongest interest in Christian...
1h ago from CaughtOffside.com
“They just keep throwing City a bone, don’t...
Former Chelsea midfielder Craig Burley believes Arsenal are dropping too...
1h ago from SportsKeeda.com
Brentford 1-1 Arsenal: Glad of a point, frustrated by...
Match report – Player ratings – Arteta reaction – Quotes...
1h ago from Arseblog.com
0 shots, 0 dribbles, 0 key passes: Arsenal star's...
When Eberechi Eze joined Arsenal in the summer it looked like a perfect...
18m ago from CaughtOffside.com
Comments
Hottest News
Alonso and Aston facing ‘another year in hell'
Feb.13 Fernando Alonso's body language in... Read More »
1h ago from OneStopStrategy.com
LIVE: 2026 F1 Bahrain Pre-Season Test 1 - Day 3
Follow along with the third and final day of the... Read More »
2h ago from RacingNews365.com
F1 2026 – Bahrain test Day 3 live
It's the third and final day of running of the... Read More »
38m ago from MotorsportWeek.com
