News Details
US investors set to buy stake in McLaren F1 team
A consortium of US-based investors are set to acquire a 15 per cent stake in the McLaren Formula 1 team, with an official announcement expected ahead of Sunday's Abu Dhabi Grand Prix. The deal, which was first reported by Sky News, will see McLaren sell an initial 15 per cent stake, but that is expected to rise to 33 per cent in 2022. US-based MSP Sports Capital is leading the deal, which is valued at £185 million, valuing the British F1 team at £550m in total. One of the consortium's principals Jahm Najafi will become vice-chairman of McLaren Racing under the deal, whilst Jeff Moorad of MSP and Rodrigo Trelles Zabala of UBS O'Connor will join the McLaren Racing board as non-executive...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren sells big team stake in £560m deal
A consortium of US-based investors is close to buying a big stake in the...
4y ago from SkySports.com
McLaren set to sell big stake in F1 team to US...
McLaren are set to sell a big stake in their Formula 1 team to a US-based...
4y ago from GPBlog.com
Hamilton not yet at 100 per cent after ‘nasty...
Lewis Hamilton says he is not yet at 100 per cent fitness after returning...
4y ago from MotorsportWeek.com
Wolff: A new star is born, the sky is the limit
Mercedes boss Toto Wolff has paid further tribute to stand-in driver...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco criticises MotoGP radio system: “It’s...
No description available...
13h ago from Motorsport.com
Jorge Martin reveals what’s ‘really difficult’...
Jorge Martin admits it was “really difficult” to make changes aboard...
14h ago from MotorsportWeek.c...
Francesco Bagnaia ‘surprised but happy’ ahead of...
Francesco Bagnaia admitted he was “surprised but happy” about the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
12h ago from Motorsport.com
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
12h ago from MotorsportWeek.c...
Alex Palou’s Indy 500 win immortalized on...
Alex Palou’s likeness has been added to the iconic Borg-Warner Trophy,...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
On this day in 1995, Colin McRae became the UK’s...
No description available...
2d ago from Motorsport.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
5d ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Explained: How Arsenal took advantage of Frank’s...
Jamie Carragher and Roberto Martinez explain how Arsenal took advantage of...
6h ago from SkySports.com
What happened in the Arsenal dressing room after 4-1...
The atmosphere inside the Arsenal dressing room following their emphatic...
12h ago from CaughtOffside.com
“He doesn’t get the credit he deserves from...
Rio Ferdinand believes Arsenal star Leandro Trossard deserves more...
12h ago from SportsKeeda.com
Arsenal’s Title Charge: How Many Points Will Be...
Arsenal have built a strong advantage at the top of the Premier League,...
12h ago from CaughtOffside.com
Comments
Hottest News
This is the man who can stop Christian Horner’s F1 return
Andreas Seidl has been tipped to be the new... Read More »
6h ago from GPFans.com
Lando Norris claims Max Verstappen 'taking the p***' by...
In what looks in retrospect like a cruel twist of... Read More »
19h ago from GPFans.com
F1 star Valtteri Bottas officiates wedding at Las Vegas GP
Valtteri Bottas is a Mercedes reserve driver and... Read More »
4h ago from GPFans.com
