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McLaren Group secures future with £185million investment
McLaren Group has secured its long-term future by selling a minority stake to US-based sports investment group MSP Sports Capital for £185million. MSP, that already operates in Major League Baseball (MLB), the National Basketball Association (NBA), N, and sports management, will be co-investing with strategic partners UBS O’Connor and The Najafi Companies. Article continues under video The investment has initially secured a 15% stake that will increase to a maximum of 33% by the end of 2022 and is designed to help drive the company's plan to return McLaren to the top in Formula 1 and continue its growth as a global sports franchise The transaction values McLaren Racing at £560m,...
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3y ago from GPFans.com
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