P1racenews AI automatic summary:
Zak Brown issues statement after McLaren F1 team sale
McLaren Racing CEO Zak Brown has announced McLaren’s valuation surpassing £3.5 billion, achieved through investments and streamlined ownership structure.
MSP Capital’s acquisition of a 33% stake in McLaren Racing in 2020 led to the initial £560 million valuation, which has now escalated following a buyout by Mumtalakat and CYVN Holdings.
McLaren’s exit from Formula E and entry into the 2027 World Endurance Championship illustrates their strategic shift in motorsport focus.
With McLaren on the path to potentially securing their second consecutive F1 constructors’ championship title in 2025, the team’s resurgence underlines the success of the cost-cap era in Formula 1.
The rise of McLaren in F1, from struggling in 2023 to winning the 2024 constructors’ championship, showcases a remarkable turnaround led by drivers Lando Norris and Oscar Piastri.
As Norris and Piastri vie for the drivers’ championship, McLaren is poised for their first title since Lewis Hamilton’s 2008 victory, solidifying their position among F1’s elite teams.
