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Seidl: Never a doubt of McLaren not being on the grid next year
McLaren's Formula 1 future was never in doubt despite a cash crisis brought on by the COVID-19 pandemic and now resolved by a fresh injection of funds, team principal Andreas Seidl said on Tuesday. The National Bank of Bahrain announced on Monday a 150 million pound ($184.26 million) financing facility for the McLaren Group, which includes the team and supercar manufacturer. Bahrain's sovereign wealth fund Mumtalakat Holding Co is McLaren's majority shareholder. 'It was a tough period for the team, steering a team through these financial difficulties we were in,' Seidl told reporters on a Zoom call. 'The positive news we had yesterday about the funding which is in place now, is I think an...
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3y ago from GrandPrix247.com
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