News Details
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...
Full Story »
Full Story »
3y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren poised to sell stake in deal worth £560m
McLaren are set to sell an initial 15 per cent stake in their Formula 1...
3y ago from PlanetF1.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...
3y ago from MotorsportWeek.com
McLaren Racing secures £185m investment from US...
The McLaren Group announced on Sunday that US sports group MSP Sports...
3y ago from F1i.com
McLaren reportedly selling minority stake in F1 team
McLaren are selling a minority stake in their Formula 1 team to a...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Marc Marquez will have the hardest fight of his...
No description available...
11h ago from Motorsport.com
Bagnaia leads Ducati 1-2-3 in Misano test, Acosta...
No description available...
9h ago from Motorsport.com
Marquez admits his Misano MotoGP win was...
Gresini Ducati rider Marc Marquez made it consecutive MotoGP wins at...
10h ago from MotorsportWeek.c...
MotoGP to introduce radio communication with riders in...
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
Could Canapino return to IndyCar? "Anything can...
No description available...
9h ago from Motorsport.com
Rahal's ideals on what he wants with a teammate for...
No description available...
3d ago from Motorsport.com
IndyCar’s Nashville finale to feature multiple tire...
The NTT IndyCar Series has announced a late change of format for the 2024...
3d ago from MotorsportWeek.c...
IndyCar adds alternate tires for Nashville finale
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
New WRC points proposals under review for 2025
No description available...
13h ago from Motorsport.com
Latvala: Toyota’s WRC title chances “pretty much...
No description available...
16h ago from Motorsport.com
Ogier explains Power Stage roll, given 30k suspended...
No description available...
1d ago from Motorsport.com
Acropolis WRC victory a “big release of pressure”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal suffer huge blow as 25-year-old star comes off...
No description available...
2h ago from SportsKeeda.com
Nations League roundup: Arsenal’s Martin Ødegaard...
t;li>Ødegaard in tears and now a doubt for Tottenham gameKevin De...
3h ago from TheGuardian.com
Manchester United and Arsenal to battle for...
No description available...
3h ago from SportsKeeda.com
Major boost for Tottenham: Arsenal star limps off...
Tottenham Hotspur have received a major boost ahead of their highly...
4h ago from CaughtOffside.com
Comments
Hottest News
Major Ricciardo announcement 'expected' as Verstappen hints...
A major announcement on Daniel Ricciardo's... Read More »
3h ago from GPFans.com
Massive Honda partnership decision confirmed with bombshell...
One of motor racing's most iconic partnerships... Read More »
15h ago from GPFans.com
Major Ricciardo replacement announcement 'expected' BEFORE...
A major announcement regarding Daniel... Read More »
6h ago from GPFans.com