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 »
Full Story »
5y ago from GPBlog.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 secures £150m loan from Bahrain bank to ease...
McLaren's immediate financial concerns have been eased following the...
5y ago from GPFans.com
McLaren secures vital £150m loan from Bahrain's...
McLaren's short-term future has been secured after confirmation of a...
5y ago from MotorsportWeek.com
McLaren seeking loan from National Bank of Bahrain
We’ve discussed the current financial struggles at McLaren on our last...
5y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Winners and losers from MotoGP’s returning Brazilian...
No description available...
1h ago from Motorsport.com
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
16h ago from Motorsport.com
Marco Bezzecchi and Jorge Martin dominate as Aprilia...
Marco Bezzecchi dominated the Brazilian MotoGP Grand Prix to secure...
16h ago from MotorsportWeek.c...
“Unacceptable conditions” - Alex Rins, Alex...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Wayne Rooney explains why Arsenal boss Arteta deserves...
Manchester United legend Wayne Rooney believes Arsenal manager Mikel...
1h ago from SportsKeeda.com
Micah Richards pinpoints Arsenal decision he considers...
Manchester City icon Micah Richards has suggested that Mikel Arteta's...
1h ago from SportsKeeda.com
‘We smell blood’: O’Reilly believes Wembley...
t;li>Two-goal hero says City are ready to hunt down ArsenalRodri feels...
40m ago from TheGuardian.com
Man United draw up defensive shortlist with Arsenal...
Manchester United are stepping up their search for a reliable left-back...
1h ago from CaughtOffside.com
Comments
Hottest News
Audi F1 project thrown into chaos after just two races
The Audi Formula 1 project has been thrown into... Read More »
2h ago from GPFans.com
Kimi Antonelli makes bold pitch for Max Verstappen to...
Mercedes F1 star Kimi Antonelli has made a... Read More »
50m ago from GPFans.com
Why George Russell's F1 title hopes could already be under...
George Russell has long been the F1 title... Read More »
1h ago from MotorsportWeek.com
