MSP Sports Capital acquires minority stake in McLaren : sports

December 13, 2020 by No Comments

LONDON (Reuters) – U.S.-based investment group MSP Sports Capital are taking a significant minority stake in the McLaren Formula One team, McLaren Racing said in a statement on Sunday. The deal, for an initial 15% holding that will rise to a maximum 33% by the end of 2022, will value the British racing outfit at 560 million pounds ($740.49 million), it added. […] Bahrain’s Mumtalakat holding company is the majority shareholder in McLaren Group. The Woking-based outfit have won the F1 constructors’ championship eight times.

Source link

Please follow and like us:

Leave a Comment

Your email address will not be published. Required fields are marked *