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 »
5y 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...
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 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...
5y 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...
5y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar drivers praise Fast Six qualifying format...
No description available...
15m ago from Motorsport.com
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
3h ago from Motorsport.com
IndyCar drivers impressed with ‘new standard’...
IndyCar is in the middle of a busy race weekend on a brand new street...
4h ago from MotorsportWeek.c...
How to watch the IndyCar Grand Prix of Arlington:...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Solberg clings on to Safari Rally lead as Ogier hunts...
Oliver Solberg started Friday with a 33.3 second lead over Elfyn Evans...
4h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Why 'you would be faster with...
No description available...
3h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
5h ago from Motorsport.com
WRC Monte Carlo: Why is the Monaco Circuit stage so...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal & Chelsea in 'very serious' talks to sign...
Atletico Madrid striker Julian Alvarez has been linked with a move away...
1h ago from CaughtOffside.com
Report: London outfit have a deal in place with...
Arsenal midfielder Dan Casey is all set to complete a move to Fulham....
15m ago from CaughtOffside.com
Arsenal preparing ‘formal offer' for 48-goal...
Arsenal are very interested in signing Leon Goretzka at the end of the...
1h ago from CaughtOffside.com
Arsenal hoping to secure future of 2 key players with...
Arsenal are reportedly hoping to renew the contracts of key players Declan...
2h ago from SportsKeeda.com
Comments
Hottest News
Adrian Newey blasted for Aston Martin disaster: 'He should...
Former F1 team manager Peter Windsor has... Read More »
5h ago from GPFans.com
Honda issue official statement as Aston Martin F1 nightmare...
Honda have issued an official statement at the... Read More »
1h ago from GPFans.com
Formula 1 to cancel Bahrain & Saudi Arabian Grands Prix...
Next month's Bahrain and Saudi Arabian Formula... Read More »
1h ago from GrandPrix247.com
