News Details
McLaren reportedly selling minority stake in F1 team
McLaren are selling a minority stake in their Formula 1 team to a consortium of U.S.-based investors in a deal that will value the British racing outfit at 560 million pounds ($740.49 million), Sky News reported on Saturday, citing sources. The MSP Sports Capital-led consortium would put 185 million pounds into McLaren Racing over a two-year period, Sky News reported, adding that the deal could be announced as early as Sunday. McLaren Racing and MSP Sports Capital did not immediately respond to a request for comment. The consortium members included The Najafi Companies, a private investment firm, and UBS O'Connor, a hedge fund subsidiary of Swiss investment banking firm UBS, the report...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
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 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
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
Elsewhere On The Network
Popular On MGPToday.com
The steps KTM is taking to protect its MotoGP division...
No description available...
7h ago from Motorsport.com
Joan Mir: Honda didn't gain any ‘advantage' from...
Factory Honda rider Joan Mir believes the MotoGP concessions system...
8h ago from MotorsportWeek.c...
MotoGP 2025 launch dates: When are teams revealing...
No description available...
1d ago from Motorsport.com
Di Giannantonio will try to “annoy” Marquez and...
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar considering Denver and Mexico races for future...
No description available...
5h ago from Motorsport.com
The spotlight is now on IndyCar, Indy NXT as both...
No description available...
4h ago from Motorsport.com
How IndyCar's biggest trophy was still made in the...
No description available...
4h ago from Motorsport.com
Conor Daly finally returns full time for 2025 with...
No description available...
4h ago from Motorsport.com
Popular On TotalWRC.com
Sainz forced out of Dakar Rally due to damaged car
No description available...
4h ago from Motorsport.com
Baciuska promoted to Dakar Stage 2 win; storm forces...
No description available...
6h ago from Motorsport.com
Lappi “still in talks with Hyundai” as search for...
No description available...
4h ago from Motorsport.com
Dakar 48h stage top two, Sainz and Loeb all hit with...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Premier League Team of the Week: Erling Haaland, Bruno...
Sports Mole selects its Premier League Team of the Week, including Erling...
45m ago from SportsMole.co.uk
Latest transfer news and rumours today: James McAtee...
Sports Mole rounds up the latest transfer news and rumours, including...
45m ago from SportsMole.co.uk
Arteta insists Arsenal can deliver Carabao Cup triumph...
t;li>Ethan Nwaneri joins Bukayo Saka and others on sidelinesArsenal...
1h ago from TheGuardian.com
Fabrizio Romano tells Arsenal fans to ‘watch...
Arsenal could be set to move to sign a new winger, as they look to bolster...
35m ago from FreshArsenal.com
Comments
Hottest News
Red Bull F1 exit revealed in £119 MILLION blow
A Red Bull Formula 1 exit has been revealed in a... Read More »
6h ago from GPFans.com
Ricciardo SNUBBED as Aussie F1 star in team release...
Daniel Ricciardo has been handed a huge snub in... Read More »
44m ago from GPFans.com
Ricciardo handed huge SNUB in another dismal defeat
Daniel Ricciardo has been handed a huge snub in... Read More »
2h ago from GPFans.com
