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
Manufacturers stand up to Liberty in Jerez as MotoGP...
No description available...
2h ago from Motorsport.com
Aprilia runs 2027 MotoGP bike on track for first time...
No description available...
3h ago from Motorsport.com
Aprilia opens new development path in MotoGP with...
No description available...
5h ago from Motorsport.com
Ducati believes new MotoGP upgrades will help it...
Ducati believes its latest Jerez MotoGP test upgrades should help it take...
7h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Conor Daly paces Day 1 of Indy 500 Open Test
No description available...
21h ago from Motorsport.com
Rookies take on Indianapolis in open test, Newgarden...
No description available...
23h ago from Motorsport.com
All drivers clear Indy 500 Rookie Orientation...
IndyCar’s two-day test session for the Indianapolis 500 got underway...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
4h ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
3h ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
8h ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'No business starting', 'Threw the match away' -...
Atletico Madrid fans on X are fuming at Diego Simeone after he included...
43m ago from SportsKeeda.com
'What is this Arteta?', 'Arteta never learns' -...
Arsenal fans are furious with Mikel Arteta's decision to start Ben White...
43m ago from SportsKeeda.com
Liverpool and Chelsea join Arsenal in the chase for...
Liverpool and Chelsea are interested in signing the Norwegian midfielder...
1h ago from CaughtOffside.com
Atletico Madrid v Arsenal – live blog
Join us for live blog coverage of our Champions League semi-final clash...
53m ago from Arseblog.com
Comments
Hottest News
Aston Martin vibrations force Alonso and Stroll to visit...
Aston Martin F1 stars Fernando Alonso and Lance... Read More »
33m ago from GPFans.com
‘Super exited’ Herta counting down days to Barcelona F1...
Cadillac test driver Colton Herta is officially... Read More »
43m ago from F1i.com
Will Miami GP be cancelled? Lightning threat poses risk to...
A threat of lightning is being forecast for... Read More »
1h ago from GPFans.com
