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McLaren Racing Hails £185mn Investment As Significant Step Towards F1 Glory
The McLaren Group has announced this morning that it has attracted new long-term investment into McLaren Racing to help it “continue its growth as a global sports franchise” in Formula One and beyond. The fresh round of investment is coming from MSP Sports Capital, a US-based sports investment group, which is co-investing with UBS O’Connor, LLC and The Najafi Companies, a Phoenix-based private equity firm. READ: No Sergio Perez? Nico Rosberg Reveals His Top 5 F1 Drivers Of 2020 Via the transaction, MSP Sports Capital will acquire a minority shareholding in McLaren Racing, while the McLaren Group will maintain its position as its majority shareholder. Specifically, MSP Sports Capital...
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3y ago from Formula1News.co.uk
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