News Details
Confirmed: McLaren to receive £150 m loan from National Bank of Bahrain
UPDATE: McLaren have now confirmed that they will receive £150 million from the National Bank of Bahrain to resolve its cash-flow problems. The original story, published last week, is as follows: 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....
Full Story »
Full Story »
3y ago from GrandPrix247.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...
3y ago from GrandPrix247.com
McLaren secures vital £150m loan from Bahrain's...
McLaren's short-term future has been secured after confirmation of a...
3y ago from MotorsportWeek.com
McLaren reaches agreement for a £150 million loan
McLaren has reached an agreement with the National Bank of Bahrain for a...
3y ago from GPBlog.com
McLaren gets £150m lifeline from National Bank of...
The McLaren Group has received a crucial lifeline in the form of a £150...
3y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
11h ago from MotorsportWeek.c...
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
15h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
O’Ward blasts to the top of IndyCar’s opening Long...
The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
6h ago from MotorsportWeek.c...
IndyCar Long Beach: O’Ward leads Power in opening...
No description available...
6h ago from Motorsport.com
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
12h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
9h ago from Motorsport.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
12h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
9h ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Saturday's Premier League predictions including Wolves...
Sports Mole provides score predictions and previews for all of today's...
46m ago from SportsMole.co.uk
Arsenal Transfer News Roundup: Gunners eyeing Dusan...
No description available...
26m ago from SportsKeeda.com
Arsenal prepared to pay 45 million to sign Liverpool...
No description available...
1h ago from SportsKeeda.com
Manchester United Transfer News Roundup: Ivan Toney...
No description available...
7h ago from SportsKeeda.com
Comments
Hottest News
F1 2024 Chinese Grand Prix – Sprint Race Results
Verstappen won the first Sprint Race of the year... Read More »
2h ago from MotorsportWeek.com
F1 News Today: FIA investigate F1 star as Ferraris clash at...
Ferrari team-mates Carlos Sainz and Charles... Read More »
56m ago from GPFans.com
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
12h ago from GPFans.com