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McLaren gets a $185 million boost

Posted on June 30, 2020 by Reuters

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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 150 million pound ($184.26 million) financing facility for the McLaren Group, which includes the team and supercar manufacturer. Bahrain's sovereign wealth fund Mumtalakat Holding Co is McLaren's majority shareholder.

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McLaren gets a $185 million boost originally appeared on Autoblog on Tue, 30 Jun 2020 08:57:00 EDT. Please see our terms for use of feeds.

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