News Details
McLaren Racing sells stake to MSP Sports Capital
McLaren Group has announced that US-based sports investment group MSP Sports Capital has acquired an initial stake in McLaren Racing, which includes the Formula 1 team. MSP Sports Capital will invest £185m into McLaren Racing, taking an initial 15 per cent stake that will increase to a maximum of 33 per cent shareholding by the end of 2022. McLaren says that the transaction values the Racing arm of its company at £560m. McLaren Group remains the majority shareholder while the transaction does not affect McLaren Automotive. MSP is co-investing with its strategic partners, UBS O’Connor and the Najafi Companies, and it is the latest investment by the group, having taken stakes in several...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren poised to sell stake in deal worth £560m
McLaren are set to sell an initial 15 per cent stake in their Formula 1...
5y ago from PlanetF1.com
US investors set to buy stake in McLaren F1 team
A consortium of US-based investors are set to acquire a 15 per cent...
5y ago from MotorsportWeek.com
McLaren Racing secures £185m investment from US...
The McLaren Group announced on Sunday that US sports group MSP Sports...
5y ago from F1i.com
McLaren reportedly selling minority stake in F1 team
McLaren are selling a minority stake in their Formula 1 team to a...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez explains how injury recovery is delaying...
No description available...
15h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
16h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
18h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
12h ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
1d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
2d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
15 G/A in 14 games – The underrated star who...
Arsenal have stuttered recently as they no longer necessarily look like...
7h ago from CaughtOffside.com
'It's more important for Arsenal' | Soccer Saturday...
Tim Sherwood and Clinton Morrison look ahead to the North London derby and...
16h ago from SkySports.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
16h ago from CaughtOffside.com
Premier League club exploring deal to sign 19-year-old...
Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
19h ago from CaughtOffside.com
Comments
Hottest News
Shrewd Christian Horner decision could prove detrimental to...
Has a decision from former Red Bull F1 boss... Read More »
10h ago from GPFans.com
Oscar Piastri breaks silence on trackside split with...
McLaren F1 star Oscar Piastri has opened up on... Read More »
8h ago from GPFans.com
F1 star Valtteri Bottas bares all in NUDE helmet reveal
Cadillac F1 star Valtteri Bottas has revealed his... Read More »
7h ago from GPFans.com
