News Details
McLaren reportedly selling minority stake in F1 team
McLaren are selling a minority stake in their Formula 1 team to a consortium of U.S.-based investors in a deal that will value the British racing outfit at 560 million pounds ($740.49 million), Sky News reported on Saturday, citing sources. The MSP Sports Capital-led consortium would put 185 million pounds into McLaren Racing over a two-year period, Sky News reported, adding that the deal could be announced as early as Sunday. McLaren Racing and MSP Sports Capital did not immediately respond to a request for comment. The consortium members included The Najafi Companies, a private investment firm, and UBS O'Connor, a hedge fund subsidiary of Swiss investment banking firm UBS, the report...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren sell stake to US investment company
Abu Dhabi Grand Prix – McLaren are selling a big stake in their...
4y 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...
4y ago from MotorsportWeek.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
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
Elsewhere On The Network
Popular On MGPToday.com
The CRB is the F1 ‘court’ that could unlock Jorge...
No description available...
10h 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
Feature: Evaluating IndyCar’s hybrid power system...
The NTT IndyCar Series introduced its long-developed hybrid system in the...
7h ago from MotorsportWeek.c...
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
2d 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,...
1w ago from MotorsportWeek.c...
Where does Santino Ferrucci see his first IndyCar win...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
13h 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
Fabrizio Romano: Arsenal have held new round of talks...
Arsenal have held talks to sign yet another Chelsea player, according to a...
1h ago from FreshArsenal.com
Reliable source says Arsenal have made progress to...
Arsenal transfers are taking shape as they look to have made major...
2h ago from FreshArsenal.com
Arsenal eyeing up summer move for 60 million...
According to The Independent, Arsenal are in contact with Lyon over the...
4h 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...
7h ago from FreshArsenal.com
Comments
Hottest News
Max Verstappen F1 theories run wild as champion's jet lands...
Defending world champion Max Verstappen has sent... Read More »
2h ago from GPFans.com
Jos Verstappen retaliates after confident Red Bull exit...
Jos Verstappen has hit back over claims regarding... Read More »
3h ago from GPFans.com
Lewis Hamilton confirms Roscoe Ferrari debut
F1 legend Lewis Hamilton has provided an update... Read More »
1h ago from GPFans.com
