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 »
5y 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...
5y ago from GrandPrix247.com
McLaren sell stake to US investment company
Abu Dhabi Grand Prix – McLaren are selling a big stake in their...
5y 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...
5y ago from MotorsportWeek.com
McLaren Racing sells stake to MSP Sports Capital
McLaren Group has announced that US-based sports investment group MSP...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin comeback win earns praise from fellow...
No description available...
7h ago from Motorsport.com
MotoGP United States GP: Schedule and full starting...
No description available...
7h ago from Motorsport.com
"Zero regrets," says Joan Mir after last-lap...
No description available...
9h ago from Motorsport.com
Marc Marquez penalised for Fabio di Giannantonio clash...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Alessandro de Tullio breaks through for first Indy NXT...
No description available...
1h ago from Motorsport.com
Will Power crashes in Barber qualifying but believes...
No description available...
20h ago from Motorsport.com
Alex Palou earns IndyCar pole at Barber
Saturday afternoon at Barber Motorsports Park was devoted to IndyCar...
21h ago from MotorsportWeek.c...
Alex Palou beats Malukas to Barber pole after tight...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
3d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
3d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
6d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal midfielder becomes 11th Gunners star to...
Arsenal midfielder Martin Zubimendi has become the 11th Gunners star to...
39m ago from SportsKeeda.com
Sources: Why football's 'next superstar' snubbed...
Chelsea and Arsenal registered an interest in the transfer of Nico Paz,...
5h ago from CaughtOffside.com
Latest Arsenal injury news as another Gunners star...
There has been yet another Arsenal player withdrawing from international...
5h ago from CaughtOffside.com
Arsenal favourites to sign 21-year-old German striker...
Arsenal are reportedly in pole position to sign Club Brugge star Nicolo...
7h ago from SportsKeeda.com
Comments
Hottest News
Jacques Villeneuve on Ollie Bearman crash at Suzuka “Now...
Speaking on F1 TV, normally ultra-confident but... Read More »
5h ago from GrandPrix247.com
'I've given up': Aston Martin Newey replacement saga leaves...
The never-ending crisis at Aston Martin is one of... Read More »
2h ago from GPFans.com
Charles Leclerc and Lewis Hamilton lament lack of Ferrari...
Leclerc fought hard throughout, managing pressure... Read More »
1h ago from GrandPrix247.com
