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MSP Sports Capital acquires minority stake in McLaren
U.S.-based investment group MSP Sports Capital are taking a significant minority stake in the McLaren Formula One team, McLaren Racing said in a statement on Sunday. The deal, for an initial 15% holding that will rise to a maximum 33% by the end of 2022, will value the British racing outfit at £560 million ($740.49 million), it added. Under the deal, MSP will put £185 million into McLaren Racing over a two-year period. McLaren's racing team has received new investment. Clive Mason - Formula 1/Formula 1 via Getty Images
The consortium members include The Najafi Companies, a private investment firm, and UBS O'Connor, a hedge fund subsidiary of Swiss investment banking firm UBS. Jahm...
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