1 year ago

Bahrain and Abu Dhabi Funds Acquire Full Ownership of McLaren Racing

Bahrain and Abu Dhabi Funds Acquire Full Ownership of McLaren Racing
Bahrain, Abu Dhabi Funds Take Full Ownership Of McLaren Racing · news18.com

McLaren Racing, the Formula One team, is now fully owned by investors from Bahrain and Abu Dhabi.

This means the investment groups who previously owned a part of the team have sold their shares.

The deal is worth around $5 billion.

Bahrain's fund will own most of the team, while Abu Dhabi's fund will have a smaller stake.

McLaren runs teams in Formula One, IndyCars, and will enter World Endurance Championship in 2027.

This move is expected to help the team grow and become more successful in the future.

The team is currently doing well in Formula One.

Key facts

Acquisition Parties
Mumtalakat (Bahrain), CYVN Holdings (Abu Dhabi)
Seller
MSP Sports Capital, O’Connor Capital Solutions, Ares Sports, Media and Entertainment funds, Caspian Funds
Transaction Value
$5 billion (reportedly)
McLaren Racing Activities
Formula One, IndyCars, World Endurance Championship (from 2027)
Majority Shareholder
Mumtalakat (Bahrain)
CYVN Holdings Stake
Non-controlling
MSP Stake Acquisition Date
2020

Quotes

Official

An unidentified official

“This is the first part of the quote, and this is the second part which continues the same thought.”
news18.com

Sources

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