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
Martin's big challenge: Emulating Rossi's 2004 win on...
No description available...
15h ago from Motorsport.com
Di Giannantonio will try to “annoy” Marquez and...
No description available...
6d ago from Motorsport.com
Yamaha supports Alex Rins amid tough 2024 MotoGP season
Yamaha has vocalised its support for Alex Rins, stating 'we know what he...
1d ago from MotorsportWeek.c...
What the rules say about MotoGP’s winter break
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
McLaren Racing has completed full acquisition of its...
McLaren Racing announced on Friday that it completed full acquisition of...
1d ago from MotorsportWeek.c...
McLaren Racing takes sole ownership of IndyCar program
No description available...
1d ago from Motorsport.com
IndyCar's top 5 storylines of the 2024 season
No description available...
4d ago from Motorsport.com
Counting down the top five best IndyCar races of 2024
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Al-Attiyah calls for changes to Dakar format after...
No description available...
10h ago from Motorsport.com
Sainz struggles in "very difficult to guess"...
No description available...
11h ago from Motorsport.com
Dakar 2025, Stage 1: Mini overhauls Toyota as Ford,...
No description available...
14h ago from Motorsport.com
Toyota’s Quintero awarded Dakar Stage 1 win after...
No description available...
12h ago from Motorsport.com
Popular On GunnersToday.com
Premier League release official statement on William...
No description available...
1h ago from SportsKeeda.com
Brighton 1-1 Arsenal: Premier League – live
an Nwaneri scored for Arsenal on only his second Premier League start, but...
6h ago from TheGuardian.com
“Does Arteta ever learn from his mistakes”,...
No description available...
10h ago from SportsKeeda.com
João Pedro’s penalty for Brighton hurts Arsenal...
Arsenal are serious about winning the title this season then Mikel Arteta...
6h ago from TheGuardian.com
Comments
Hottest News
Kelly Piquet reveals TWIN announcement
The partner of Formula 1 champion Max Verstappen... Read More »
6h ago from GPFans.com
Ricciardo handed surprise verdict as former F1 star lured...
Daniel Ricciardo's Formula 1 luck took a downturn... Read More »
5h ago from GPFans.com
McLaren chief issues statement over team SALE
McLaren CEO Zak Brown has issued a statement... Read More »
15h ago from GPFans.com
