McLaren Group gets £150m bailout from Bahrain bank
Racing team’s Formula One future was never in doubt despite Covid cash crisis, boss declares
30 June 2020 - 16:40
London — McLaren’s Formula One 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 £150m financing facility for the McLaren Group, which includes the team and supercar manufacturer. Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, is McLaren’s majority shareholder...
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