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 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.
"It was a tough period for the team, steering a team through these financial difficulties we were in," Seidl told reporters on a Zoom call.
"The positive news we had yesterday about the funding which is in place now, is I think an extra boost, an extra motivation for all of us who are fully focused again on what we like to do most and what we do best.