P1racenews AI automatic summary:
McLaren F1 chief Zak Brown has announced that the team’s stake sale is ‘all done’ for reportedly $4.1billion.
McLaren F1 chief Zak Brown confirmed the completion of the team’s stake sale, valued at $4.1 billion, with Bahraini sovereign wealth fund Mumtalakat and CYVN Holdings acquiring an additional 30% stake in McLaren racing and now owning 100% of McLaren Racing.
The investors also own McLaren Group, which oversees all brand operations, including McLaren Racing, McLaren Automotive, and McLaren Applied.
McLaren Racing was valued at £3.5 billion after US investment Group MSP Capital was bought out by Mumtalakat and CYVN Holdings in early September.
With a presence in F1, IndyCar, and WEC, McLaren is set to pursue the Triple Crown of Motorsport by aiming to win the F1 title, Indy 500, and 24 Hours of Le Mans in the same year.
McLaren star Lando Norris expressed interest in endurance racing following Max Verstappen’s GT3 victory, indicating his excitement for McLaren’s potential return to Le Mans.
