News Details
US investors set to buy stake in McLaren F1 team
A consortium of US-based investors are set to acquire a 15 per cent stake in the McLaren Formula 1 team, with an official announcement expected ahead of Sunday's Abu Dhabi Grand Prix. The deal, which was first reported by Sky News, will see McLaren sell an initial 15 per cent stake, but that is expected to rise to 33 per cent in 2022. US-based MSP Sports Capital is leading the deal, which is valued at £185 million, valuing the British F1 team at £550m in total. One of the consortium's principals Jahm Najafi will become vice-chairman of McLaren Racing under the deal, whilst Jeff Moorad of MSP and Rodrigo Trelles Zabala of UBS O'Connor will join the McLaren Racing board as non-executive...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren sells big team stake in £560m deal
A consortium of US-based investors is close to buying a big stake in the...
4y ago from SkySports.com
McLaren set to sell big stake in F1 team to US...
McLaren are set to sell a big stake in their Formula 1 team to a US-based...
4y ago from GPBlog.com
Hamilton not yet at 100 per cent after ‘nasty...
Lewis Hamilton says he is not yet at 100 per cent fitness after returning...
4y ago from MotorsportWeek.com
Wolff: A new star is born, the sky is the limit
Mercedes boss Toto Wolff has paid further tribute to stand-in driver...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
What to expect from KTM in the MotoGP 2025 season
Ahead of the 2025 MotoGP season there has been concern over the future of...
9h ago from MotorsportWeek.c...
MotoGP Sepang test: Schedule, riders and how to follow
No description available...
14h ago from Motorsport.com
The mistake Yamaha can't afford to repeat with its...
No description available...
1d ago from Motorsport.com
Rossi's advice for Bagnaia: ‘Don't fall into...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
1d ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
4d ago from MotorsportWeek.c...
Zak Brown: IndyCar "should slipstream on the back...
No description available...
6d ago from Motorsport.com
Team Penske's Tim Cindric steps back from his...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
5d ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal can emulate 1998 Premier League title heroes...
Arsenal's 5-1 win over Manchester City will give the Gunners 'massive...
3h ago from SportsMole.co.uk
Rating every Premier League club's January transfer...
Unlike this time last year, the January transfer window was a busy one for...
5h ago from CaughtOffside.com
Arsenal January transfer window review: Kroenke blame...
Arsenal's failure to bring in any new signings in January 'rubber-stamped'...
4h ago from SportsMole.co.uk
'Do something that everybody talks about for years' -...
No description available...
5h ago from SportsKeeda.com
Comments
Hottest News
Hamilton faster than Leclerc as Ferrari take part in...
Ferrari and McLaren have been testing tyres for... Read More »
5h ago from GPBlog.com
New F1 team reveal driver DEADLINE as Ferrari finally make...
Mario Andretti has revealed when Cadillac’s... Read More »
1h ago from GPFans.com
F1: Pirelli tyre test gets underway
Pirelli's second test got underway today at the... Read More »
1h ago from Pitpass.com
