News Details

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 they are looking for new ways to get their finances in order. One of the steps they've taken is to talk to the National Bank of Bahrain to secure financing that will allow the team to cover the upcoming costs. Negotiations According to Sky News, McLaren is detailed negotiations with the bank to release more than £150 million. It remains to be seen whether it will succeed, given that the agreement is far from on the table. Interestingly, one of the major shareholders in the bank already has a stake in McLaren. Read more Zanardi receives blessings of the very highest order Honda already brings the first engine update...
Full Story »
4y ago from GPBlog.com 0
Share

You May Also Be Interested In...

McLaren poised to secure loan from National Bank of...

McLaren is poised to secure a loan from the National Bank of Bahrain to...
4y ago from BBC.co.uk

McLaren takes legal action to secure vital new loan

The McLaren Group has asked a court to allow it to use its factory and...
4y ago from F1i.com

McLaren taking legal action to secure 'urgent' new...

The McLaren Group has launched legal action to allow it to secure new...
4y ago from Crash.net

McLaren take legal action to try to secure 'urgent'...

McLaren takes legal action to allow it to secure "urgent"...
4y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Pramac Yamaha team to make Moto2 debut in 2025

Pramac Yamaha have officially announced its partnership will extend into...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

“Arteta loves to play games': 27-year-old Arsenal...

The margins in the Premier League are often very fine and in order to get...
2h ago from CaughtOffside.com

Arsenal transfer news: Barcelona 'set Raphinha asking...

Barcelona reportedly reach a decision over what they deem to be an...
2h ago from SportsMole.co.uk

'Not in the manager's plans' – Insider claims...

Arsenal manager Mikel Arteta could reportedly be ready to offload as many...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.