News Details
In The Pitlane: Show me the money!
McLaren Racing announced at last weekend’s Abu Dhabi race that they had agreed to sell a third of the company to a group of United States-based investors. MSP Sports Capital will inject £185-million {$246-million) by the end of 2022 giving them a 15% stake rising to 33%. McLaren were delighted with the news with McLaren Racing chief Zak Brown stating,
'This investment bolsters our plan to return to contention for wins and championships in F1 and IndyCar.” McLaren has taken a long-term strategic decision to separate the funding for the race team from the automotive and engineering divisions effectively ring-fencing the F1 team. McLaren Group executive chairman Paul Walsh hit the nail...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
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
McLaren sell stake to US investment company
Abu Dhabi Grand Prix – McLaren are selling a big stake in their...
5y ago from FormulaSpy.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 sells stake to MSP Sports Capital
McLaren Group has announced that US-based sports investment group MSP...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Buriram test: Marco Bezzecchi breaks track...
No description available...
34m ago from Motorsport.com
Marc Marquez explains how injury recovery is delaying...
No description available...
21h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
22h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
1d 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’...
18h 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...
6d 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
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Just win
Just win. That's basically the only thought in my head this morning. After...
3h ago from Arseblog.com
Sources: Man United & Arsenal locked in battle...
Eintracht Frankfurt’s Nathaniel Brown has rapidly transformed from...
5h ago from CaughtOffside.com
15 G/A in 14 games – The underrated star who...
Arsenal have stuttered recently as they no longer necessarily look like...
13h ago from CaughtOffside.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
22h ago from CaughtOffside.com
Comments
Hottest News
F1: 'We may need to make adjustments,' admits Tombazis
As Stefano Domenicali urges 'don't panic'... Read More »
54m ago from Pitpass.com
Newey reportedly laid bare Honda engine crisis in F1 meeting
Adrian Newey’s vision for an Aston Martin... Read More »
24m ago from F1i.com
Aston Martin's awful 2026 'surprise' leaves F1 rivals...
Aston Martin's performance at the F1 2026... Read More »
3h ago from GPFans.com
