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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,...
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4y ago from GPBlog.com
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