Article length: 134 words
Bahrain moots rescue finance for McLaren F1
Bahrain has been linked to a potential financial rescue package for McLaren Group, which runs a Formula 1 team and produces road-going supercars. On 29 June, the car group announced it had secured £150m ($187m) in funding, but did not reveal the source of the funds or say how the financing was structured. However, GSN understands it was a loan. Prior to the announcement, media reports in Bahrain and the UK had suggested National Bank of Bahrain was preparing to provide a substantial loan.
Credit value: 1