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
Has Fabio Di Giannantonio set himself up for a...
No description available...
6h ago from Motorsport.com
Jorge Martin to stay with Aprilia’s MotoGP team...
No description available...
7h ago from Motorsport.com
Alex Marquez surprised by pace as he’s cleared to...
No description available...
7h ago from Motorsport.com
Fabio Di Giannantonio sets lap record to top second...
Fabio Di Giannantonio set a stunning lap to break the all-time lap record...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Severe weather disrupts IndyCar practice from Iowa
A round of severe weather has delayed the first practice session for the...
3h ago from MotorsportWeek.c...
Will Power’s contract decision on hold due to Team...
Will Power’s contract with Team Penske is up at the end of this season,...
6h ago from MotorsportWeek.c...
IndyCar cancels Friday practice at Iowa Speedway after...
No description available...
2h ago from Motorsport.com
David Malukas braces for the “toughest weekend” of...
No description available...
14h ago from Motorsport.com
Popular On TotalWRC.com
IndyCar cancels Friday practice at Iowa Speedway after...
No description available...
2h ago from Motorsport.com
Apple new frontrunner for F1 streaming rights over N...
No description available...
2h ago from Motorsport.com
Shane van Gisbergen rockets to NASCAR Xfinity pole at...
No description available...
1h ago from Motorsport.com
Has Fabio Di Giannantonio set himself up for a...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal close to Madueke deal after Chelsea give...
Chelsea have given Noni Madueke permission to leave their Club World Cup...
8h ago from SkySports.com
Exclusive: 'He only wants to play for Mikel Arteta'...
The deal for Viktor Gyokeres to Arsenal has NOT collapsed, despite the...
8h ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Los Blancos want...
Real Madrid have been quite active in the transfer market this summer.
7h ago from SportsKeeda.com
'Little bit too obvious' – Collymore gives...
Arsenal have been busy in the transfer market in the last couple of weeks,...
9h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen and Toto Wolff tracked to Italian island...
Eagle-eyed F1 fans have discovered Max... Read More »
5h ago from MotorsportWeek.com
YouTuber arrested after '£30k damage' to F1 car reported...
YouTube sensation AngryGinge was among three... Read More »
3h ago from GPFans.com
Max Verstappen and Toto Wolff arrive for crunch talks over...
Max Verstappen and Toto Wolff have reportedly... Read More »
5h ago from GPFans.com
