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
Marc Marquez to make Ducati return in private Valencia...
No description available...
16h ago from Motorsport.com
Pushing aero to the limit: The evolution of winglets...
No description available...
17h ago from Motorsport.com
Why the 2026 MotoGP season is shaping up to be a...
No description available...
21h ago from Motorsport.com
Toprak Razgatlioglu hailed as ‘Casey Stoner 2.0’...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Power completes “very good” first outing with...
No description available...
7h ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
18h ago from Motorsport.com
Jacob Abel moves from IndyCar to sports cars after one...
After one season competing in IndyCar, Jacob Abel will make a transition...
18h ago from MotorsportWeek.c...
GP of Arlington President Miller bullish over...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
16h ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
22h ago from Motorsport.com
Dakar 2026, Stage 4: Toyota’s Henk Lategan crushes...
No description available...
21h ago from Motorsport.com
Sebastien Loeb left “almost at a standstill” in...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to consider summer move for 100m-rated winger...
Arsenal are exploring the possibility of making a major summer move for...
2h ago from CaughtOffside.com
'You don't win the Premier League by January!' |...
Ahead of Liverpool's clash against Arsenal, Dominik Szoboszlai says The...
2h ago from SkySports.com
Opportunity knocks as the champions visit
Morning all. What was already a big game becomes even more crucial later...
1h ago from Arseblog.com
Tottenham boss Thomas Frank responds after drinking...
Thomas Frank has said he ‘didn’t notice’ he was drinking from an...
2h ago from SportsKeeda.com
Comments
Hottest News
Is Adrian Newey behind Aston Martin sackings? F1 legend...
Since Adrian Newey officially joined Aston Martin... Read More »
1h ago from GPFans.com
Cadillac Formula 1 Team names IFS as official technology...
The Cadillac Formula 1 Team has announced a... Read More »
2h ago from GrandPrix247.com
Audi takes the lead: R26 hits the track ahead of the F1...
Audi has always promised it would arrive in... Read More »
50m ago from F1i.com
