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 just one win away from 100 and three from...
No description available...
16h ago from Motorsport.com
How concessions narrowed Ducati’s edge in MotoGP
No description available...
1d ago from Motorsport.com
Marc Marquez on fairytale Honda return: “It’s more...
No description available...
2d ago from Motorsport.com
Marc Marquez assesses his Ducati future beyond 2026...
Nine-time MotoGP champion Marc Marquez will be a key figure in the rider...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Barnes: A wishlist for the 2026 IndyCar season
No description available...
2d ago from Motorsport.com
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
5d ago from Motorsport.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
4d ago from MotorsportWeek.c...
Top five memorable drives of the 2025 IndyCar season
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Defending Dakar winner Yazeed Al-Rajhi explains...
No description available...
11h ago from Motorsport.com
Dakar 2026, Stage 1: Mini snatches win from Ford as...
No description available...
14h ago from Motorsport.com
How will the new Defender fare against Dakar's fastest...
No description available...
1d ago from Motorsport.com
Amputated navigator returns to Dakar 11 months after...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'We wouldn’t be where we are without him' - Declan...
Arsenal midfielder Declan Rice waxed lyrical about his teammate Viktor...
15h ago from SportsKeeda.com
'I do not see us becoming champions again' - Liverpool...
Liverpool star Alexis Mac Allister has named Arsenal and Manchester City...
15h ago from SportsKeeda.com
Bournemouth 2-3 Arsenal: Twice Rice baby
Match report – Player ratings – Arteta reaction – Video...
17h ago from Arseblog.com
'I don't see where he can stop' - Mikel Arteta hails...
Arsenal manager Mikel Arteta has heaped praise on Declan Rice after his...
16h ago from SportsKeeda.com
Comments
Hottest News
Driver loses it in spectacular meltdown after crashing out...
It has not been a very happy New Year for German... Read More »
4h ago from GPFans.com
Max Verstappen loses key Red Bull employee early to McLaren
It is a move known for quite some time, but an... Read More »
6h ago from RacingNews365.com
F1 stars set to get SPICY on hit show
A pair of popular veteran F1 drivers have been... Read More »
5h ago from GPFans.com
