News Details

McLaren reaches agreement for a £150 million loan

McLaren has reached an agreement with the National Bank of Bahrain for a loan of £150 million, which will enable the race stable to temporarily solve their cash flow problem in the short term. With this money McLaren will ensure that their Formula 1 branch in the run-up to the first Grand Prix in Austria will not get into trouble. For several months now, several teams, including McLaren, have been experiencing worrisome financial times. The brand is hit hard by the corona crisis now that the car industry is on its hole and Formula 1 has been at a standstill for months. Read more Hamilton proud of Mercedes: 'They took time to understand my passion'' Lawsuit At an earlier stage,...
Full Story »
1mo ago from GPBlog.com 0
Share

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...
1mo ago from GrandPrix247.com

McLaren secures £150m loan from Bahrain bank to ease...

McLaren's immediate financial concerns have been eased following the...
1mo ago from GPFans.com

McLaren secures vital £150m loan from Bahrain's...

McLaren's short-term future has been secured after confirmation of a...
1mo ago from MotorsportWeek.com

McLaren seeking loan from National Bank of Bahrain

We’ve discussed the current financial struggles at McLaren on our last...
1mo ago from TheParcFerme.com

Elsewhere On The Network

Popular On MGPToday.com

Marquez out of Czech MotoGP with Bradl stepping in

Honda has confirmed Marc Marquez will miss this weekend's Czech Grand...
3h ago from AutoSport.com

Marquez confirmed to miss Brno MotoGP event, Bradl to...

The factory Honda MotoGP outfit have confirmed that Marc Marquez will...

Popular On IndyCarToday.com

IndyCar set to postpone Mid-Ohio double-header

Reports emanating from the United States claim the Mid-Ohio IndyCar...
2d ago from SpeedCafe.com

McLaren open to 2021 Alonso Monaco/Indy double

Fernando Alonso’s hopes of racing at the Indianapolis 500 beyond this...
2d ago from Racer.com

Popular On TotalWRC.com

Rally Turkey agrees date change on 2020 WRC schedule

Rally Turkey will take place a week earlier than scheduled to facilitate...

Popular On GunnersToday.com

Coutinho a risk but Willian makes sense.

Morning all. It’s the summer holidays, the players are resting or...

Nine more Chelsea players could follow Willian in...

Chelsea could reportedly see as many as ten players leave the club in...
6h ago from CaughtOffside.com

Opinion: Arsenal should try signing another Chelsea...

As various outlets are now reporting, it looks like Willian to Arsenal is...
35m ago from CaughtOffside.com

Arsenal 'draw up three-man transfer shortlist'

Mikel Arteta has reportedly drawn up a three-man transfer shortlist for...
5h ago from SportsMole.co.uk

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.