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
MotoGP Brazilian GP: Johann Zarco tops rain-hit Friday...
No description available...
34m ago from Motorsport.com
Pedro Acosta tops opening Brazilian MotoGP practice
Pedro Acosta continued his fine early-season form as he posted the best...
4h ago from MotorsportWeek.c...
Johann Zarco takes top spot in rain-affected timed...
Johann Zarco made the most out of the rain-affected Brazilian MotoGP...
14m ago from MotorsportWeek.c...
Fermin Aldeguer reaches agreement with Ducati to race...
No description available...
1h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
3d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
3d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
6d ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
4d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Eze shines as dominant Arsenal reach Champions League...
Arsenal set up a Champions League quarter-final against Sporting Lisbon as...
1h ago from SkySports.com
English sides recover in Europe to boost hopes of...
Premier League sides recovered from the disappointment of four Champions...
1h ago from SkySports.com
Fernandes top? Sky Sports ranks top 25 Premier League...
Wayne Rooney described Manchester United's Bruno Fernandes as the best...
1h ago from SkySports.com
Arsenal latest: Odegaard, Timber, Kepa - Arteta gives...
No description available...
1h ago from SkySports.com
Comments
Hottest News
'Love in the air?': F1 insider reveals reason for Lewis...
A former British F1 driver has hinted that Lewis... Read More »
44m ago from GPFans.com
Adrian Newey thwarts Christian Horner’s F1 return
F1 design legend Adrian Newey has appeared to... Read More »
1h ago from GPFans.com
Aston Martin F1 issue official statement moments after...
Aston Martin F1 team have released an official... Read More »
4h ago from GPFans.com
