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McLaren Racing sells stake to MSP Sports Capital
McLaren Group has announced that US-based sports investment group MSP Sports Capital has acquired an initial stake in McLaren Racing, which includes the Formula 1 team. MSP Sports Capital will invest £185m into McLaren Racing, taking an initial 15 per cent stake that will increase to a maximum of 33 per cent shareholding by the end of 2022. McLaren says that the transaction values the Racing arm of its company at £560m. McLaren Group remains the majority shareholder while the transaction does not affect McLaren Automotive. MSP is co-investing with its strategic partners, UBS O’Connor and the Najafi Companies, and it is the latest investment by the group, having taken stakes in several...
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4y ago from MotorsportWeek.com
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