Bahrain sovereign wealth fund buys out McLaren

In December, McLaren shareholders unanimously approved a full recapitalisation of the business ostensibly to allow for a “simplified” and “streamlined” governance process.However, the finances of the supercar maker have long been under scrutiny.During the COVID-19 pandemic, it took out a £150million loan with the National Bank of Bahrain, sold a stake in its F1 team, arranged a leaseback …Keep reading