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Bullish Brown says McLaren now 'financially healthy'
McLaren Racing boss Zak Brown says the F1 outfit's financial situation has significantly improved recently, insisting the team is now 'sitting on a better business model" to tackle the sport's future. The McLaren Group which includes F1's second most successful outfit secured a financial loan at the end of June of £150 million from the National Bank of Bahrain, a financial institution partly owned by Bahrain sovereign wealth fund and McLaren shareholder Mumtakalat. The fresh influx of cash has gone a long way towards alleviating McLaren's financial woes sparked by the onslaught of the global coronavirus pandemic which has impacted the automotive group's sales as well as the F1 team's...
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