P1racenews AI automatic summary:
The McLaren Formula E team will cease operating at the conclusion of the 2024-25 season as investment could not be sourced to keep the title-winning operation going
NEOM McLaren Formula E Team is likely to cease operations by the end of the month due to a lack of new investment opportunities to keep them on the grid. Staff were informed last week about the situation, with no buyer stepping forward. The team’s grid slot will return to Formula E Operations in late July, making the upcoming London EPrix their final race in the championship. McLaren Racing announced its exit from the Formula E World Championship in April to focus on the FIA World Endurance Championship starting in 2027.
McLaren’s exit will reduce the Formula E grid to 20 cars for the first time since the 2017-18 season. Discussions are ongoing regarding payments to Formula E Operations and other suppliers due to McLaren ending its contract early. Star driver Taylor Barnard has been signed by Penske Formula E, potentially racing alongside Maximilian Guenther next season. Barnard’s move follows McLaren’s failure to secure a replacement owner in time.
