News Details
McLaren ‘seeking £150m Bahrain bank loan'
McLaren are set to address their financial worries by arranging a loan from the National Bank of Bahrain (NBB) to provide a £150m cash injection next month. Autosport are reporting the move would allow the company to obtain at least the first stage of the required refinancing from a ‘friendly’ organisation that shares a significant part of its ownership with McLaren itself. The NBB is 44% owned by the Mumtalakat Holding Company, Bahrain's sovereign wealth fund, which also owns 56% of McLaren. A loan between the two parties would be on more favourable terms than those available on the financial markets. Court documents have indicated McLaren are seeking £280m altogether and that new...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
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...
5y ago from GrandPrix247.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 set to take loan from Bahrain bank
Carlos Sainz tests for McLaren during pre-season The cash-strapped...
5y ago from SpeedCafe.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
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
5h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
7h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
9h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
3h ago from MotorsportWeek.c...
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
1h ago from Motorsport.com
Mike O’Gara named IndyCar’s Vice President of...
No description available...
3h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
2h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'Arteta never learns', 'Let me go to sleep' - Arsenal...
Arsenal fans are furious with Mikel Arteta as he has named Gabriel...
54m ago from SportsKeeda.com
Arsenal ready to challenge Europe’s elite in...
Arsenal are keeping tabs on the highly talented Fredrikstad FK midfielder...
24m ago from CaughtOffside.com
Arsenal prepare cut-price offer as Liverpool join hunt...
Igor Paixao has been linked with a move away from Marseille, and Liverpool...
1h ago from CaughtOffside.com
Comments
Hottest News
Nigel Mansell delivers judgement on 2026 F1 title fight
Nigel Mansell chimed in on the conversation of... Read More »
2h ago from MotorsportWeek.com
Five F1 2027 blockbuster moves that are going to rock silly...
A five-week break from F1 isn't good for those of... Read More »
2h ago from GPFans.com
Ex-Ferrari boss reveals vital detail caused missed Ayrton...
Jean Todt, the former Ferrari team principal,... Read More »
54m ago from MotorsportWeek.com
