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
The CRB is the F1 ‘court’ that could unlock Jorge...
No description available...
3h ago from Motorsport.com
Aprilia preparing test for Jorge Martin ahead return...
Aprilia is prepared to organise a special test for MotoGP World Champion...
1d ago from MotorsportWeek.c...
Why Assen Moto2 winner Diego Moreira is in pole...
No description available...
1d ago from Motorsport.com
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
1d ago from MotorsportWeek.c...
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
6d ago from MotorsportWeek.c...
Where does Santino Ferrucci see his first IndyCar win...
No description available...
5d ago from Motorsport.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
7h ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
1d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal handed boost as priority target's current club...
Arsenal have been handed a boost in their pursuit of Real Madrid ace...
47m ago from SportsKeeda.com
Report: Club open door for 90m forward to join Arsenal
Arsenal have been handed a major boost in their attempts to make a marquee...
1h ago from FreshArsenal.com
'Some big-name players are on their list': Insider...
Arsenal remain interested in signing the PSG attacker Bradley Barcola...
4h ago from CaughtOffside.com
Episode 835 – Perspective
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
2h ago from Arseblog.com
Comments
Hottest News
Max Verstappen issues response to Mercedes F1 rumours
Max Verstappen remains unfazed by the recent... Read More »
1h ago from MotorsportWeek.com
Piastri: Alpine managed to find a way to F@ck me over all...
McLaren's Formula 1 championship leader Oscar... Read More »
1h ago from GrandPrix247.com
Lewis Hamilton endorses possible Max Verstappen F1 switch...
Lewis Hamilton has said he would recommend... Read More »
46m ago from MotorsportWeek.com