McLaren Racing Valued Over £3 Billion in Stake Sale
McLaren Racing Valued Over £3 Billion in Stake Sale

McLaren Racing Valued Over £3 Billion in Stake Sale

News summary

McLaren Racing, the British Formula One team currently leading the championship, is set to be valued at over £3 billion (approximately $4.06 billion) following a deal in which Bahrain’s sovereign wealth fund Mumtalakat and Abu Dhabi-based CYVN Holdings will acquire the remaining 30% minority stake they do not already own. This transaction will give these Gulf investors full control of McLaren Racing, with Mumtalakat retaining a controlling stake. The minority shares, held by MSP Sports Capital, Ares Management, UBS O’Connor, and others, will be bought out, reflecting a significant increase from the £560 million valuation in 2020 when MSP Sports Capital first invested during the pandemic. Under CEO Zak Brown’s leadership, McLaren has experienced strong on-track success, including winning the constructors’ championship last year and having drivers Oscar Piastri and Lando Norris contend for the drivers’ title this season. McLaren plans to expand into the World Endurance Championship in 2027, having recently exited Formula E after the 2024/25 season. Despite speculation, an initial public offering remains years away as McLaren continues to rely on private funding and navigates supply chain challenges.

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