P1racenews AI automatic summary:
Adrian Newey backed group BUYS major shares off McLaren star
F1 design guru Adrian Newey and McLaren star Lando Norris are now involved in a new business venture off the track, with Norris selling a majority stake in his motorsport content community, Quadrant, to Red Bull’s former chief technical officer Newey-backed company. Veloce Media Group, a London-based gaming and racing organization with a wide racing media network, has Newey and his son, Harrison, in key roles. The deal ensures Norris stays involved as the second-largest shareholder of Quadrant, alongside other shareholders like his manager Mark Berryman. Veloce Media Group aims to revitalize Quadrant following financial challenges, with new strategic directions and co-ownership by figures like YouTuber WillNE. The move comes after Quadrant faced financial losses and undertook a fresh start earlier this year, hoping to build on Veloce’s success and revenues to create a new exciting chapter for the brand.
