News Details
In The Pitlane: Show me the money!
McLaren Racing announced at last weekend’s Abu Dhabi race that they had agreed to sell a third of the company to a group of United States-based investors. MSP Sports Capital will inject £185-million {$246-million) by the end of 2022 giving them a 15% stake rising to 33%. McLaren were delighted with the news with McLaren Racing chief Zak Brown stating,
'This investment bolsters our plan to return to contention for wins and championships in F1 and IndyCar.” McLaren has taken a long-term strategic decision to separate the funding for the race team from the automotive and engineering divisions effectively ring-fencing the F1 team. McLaren Group executive chairman Paul Walsh hit the nail...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren reportedly selling minority stake in F1 team
McLaren are selling a minority stake in their Formula 1 team to a...
4y ago from GrandPrix247.com
McLaren sell stake to US investment company
Abu Dhabi Grand Prix – McLaren are selling a big stake in their...
4y ago from FormulaSpy.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...
4y ago from MotorsportWeek.com
McLaren Racing sells stake to MSP Sports Capital
McLaren Group has announced that US-based sports investment group MSP...
4y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia reveals new mindset following...
Francesco Bagnaia revealed more about his new mindset after completing an...
17h ago from MotorsportWeek.c...
Marc Marquez proves he’s ‘still human’ after...
Marc Marquez says he is “not a disaster” despite crashing out of a...
1d ago from MotorsportWeek.c...
Francesco Bagnaia wins Americas Grand Prix after Marc...
t;li>Marquez crashes while leading raceÁlex Márquez tops riders’...
2d ago from TheGuardian.com
Alex Marquez: ‘no problems being Mr P2’ after...
Alex Marquez says he is happy to be called ‘Mr P2’ for the rest of...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ex-IndyCar President Jay Frye joins RLL as team...
Rahal Letterman Lanigan Racing announced on Tuesday that Jay Frye has...
11h ago from MotorsportWeek.c...
IndyCar penalizes Prema Racing following Thermal fire
No description available...
4d ago from Motorsport.com
IndyCar penalizes PREMA over fire safety issue
The NTT IndyCar Series has issued penalties to the PREMA IndyCar team for...
4d ago from MotorsportWeek.c...
FOX offers explanation for NASCAR/IndyCar programming...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Evans wins brutal Safari Rally to boost WRC title bid
No description available...
1w ago from Motorsport.com
Elfyn Evans bags the big game on Safari
Elfyn Evans and Scott Martin claimed their maiden Safari Rally Kenya...
1w ago from MotorsportWeek.c...
Katsuta loses fifth after dramatic final-stage Safari...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
£37m asking price: Arsenal, Man Utd & Chelsea on...
Arsenal, Manchester United and Chelsea are reportedly among the clubs on...
13m ago from CaughtOffside.com
Sky Sports journalist confirms Arsenal's...
Arsenal are expected to have an ‘important‘ summer transfer...
1h ago from CaughtOffside.com
Arsenal 2-1 Fulham: Some good, some bad
Match report – Player ratings – Arteta reaction – Video...
23m ago from Arseblog.com
Arsenal 2-1 Fulham: Player Ratings as Bukayo Saka...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton issue emerges after overwhelming Ferrari...
Lewis Hamilton's monumental move to Ferrari... Read More »
22m ago from GPFans.com
F1 News Today: Alpine confirm Doohan replacement at...
Jack Doohan will sit out FP1 at the Japanese... Read More »
1h ago from GPFans.com
'I had to change my approach' - Tsunoda recalls key moment...
As Yuki Tsunooda prepares to make his Red Bull... Read More »
32m ago from RacingNews365.com
