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 »
Share

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...
3y 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...
3y 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...
3y 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...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Australia’s Jack Miller ‘lucky’ to survive...

t;li>‘I ran over his legs and I was worried for him,’ says Joan...
4h ago from TheGuardian.com

Jorge Martin ‘never gave up' but it ‘made...

Jorge Martin showed his usual determination throughout the Malaysian...
11h ago from MotorsportWeek.c...

Francesco Bagnaia describes ‘fantastic' battle...

Francesco Bagnaia described his battle with Jorge Martin as 'fantastic'...
13h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Enzo Fittipaldi to run IndyCar test with McLaren later...

Arrow McLaren has announced that it will place Enzo Fittipaldi in one of...

Ganassi finalizes IndyCar lineup, confirms Kyffin...

Chip Ganassi Racing announced its full 2025 IndyCar line-up on Wednesday,...

Popular On TotalWRC.com

A Farewell Message from The Checkered Flag

After 15 years of motorsport coverage, TheCheckeredFlag.co.uk announces...

Didier Auriol entering Rally Japan, first WRC start...

1994 World Rally Champion Didier Auriol will run the 2024 season finale in...

Popular On GunnersToday.com

Bukayo Saka makes demand to Arsenal teammates after...

Arsenal suffered a 1-0 defeat against Newcastle United in the Premier...
11h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.