McLaren Racing valued at £3.5bn after ownership change

Due to a change in ownership structure, the McLaren Formula 1 team’s owner has been valued at about £3.5 billion, which is more than a sixfold increase over the previous year.

MSP Capital, a 33% stake in McLaren Racing that was acquired by majority shareholders Mumtalakat, Bahrain’s sovereign investment fund, and Abu Dhabi-based CYVN Holdings, has been acquired by US investment group MSP Capital.

MSP invested £185 million in its stake, which was then McLaren Racing’s valuation of £560 million.

Zak Brown, the CEO of McLaren Racing, stated to BBC Sport: “It’s a great day for McLaren.” It has been a wonderful journey to get back to where we are.

Our business was not competitive and our business was no longer very challenged.

This demonstrates the success F1 is having in the cost-cap era and has made us competitive, F1 said five years later.

“It’s great that McLaren is back in the lead and that the ownership structure has been simplified.”

McLaren Racing will enter the World Endurance Championship in 2027 along with a dominant US-based IndyCar World Series team. At the conclusion of the most recent season, it closed its team in the all-electric Formula E world championship.

The move highlights McLaren’s remarkable turnaround in F1 under Brown’s leadership, who took over the company in 2016, and its continued success under Andrea Stella’s leadership, who became team principal in December 2022.

McLaren are well on the verge of a drivers’ and constructors’ title duo after winning the constructors’ championship last year for the first time since 1998.

With victories in 12 of the 15 races thus far this season, Lando Norris and Oscar Piastri are first and second in the drivers’ championship.

In the constructors’ title chase, McLaren have more than double the points of Ferrari’s closest rivals.

McLaren Racing stated in a statement that “the transaction will position McLaren Racing for continued success both on and off the track.”

The board and executive management “continue to work toward building the world’s most innovative and thrilling racing team.”

McLaren Racing, a division of McLaren Automotive, was acquired by CYVN Holdings earlier this year, is owned by the McLaren Group.

MSP held the majority of the shares of the minority shareholders in the transaction, which was announced on Tuesday, with Mumtalakat and CYVN purchasing all of them.

Our group of minority investors joined in 2020, according to Paul Walsh, the executive chairman of the McLaren Group, and we thank them for their unmatched support as we put McLaren Racing on a course to financial stability and commercial growth.