P1racenews AI automatic summary:
A significant change in ownership of McLaren’s racing division, and therefore its Formula 1 team, has completed the recovery from its quietly dire position just a little under five years ago
McLaren’s Formula 1 team has successfully recovered from a critical situation it faced less than five years ago, following a significant change in ownership of the racing division.
The purchase of all McLaren Racing minority shares by McLaren Group Limited – including Mumtalakat, CYVN Holdings, and the majority shareholder – marks a pivotal moment in the team’s journey.
The investment consortium MSP, crucial in saving McLaren in 2020, played a key role in stabilizing the business and setting the foundation for its subsequent success.
The recent valuation of McLaren Racing at over £3 billion, reflecting the immense growth since the initial investment, highlights the remarkable turnaround achieved.
McLaren’s resurgence not only on the track but also in its ownership structure and financial stability signifies a new chapter for the team.
With a renewed focus on success and expansion across different racing series, McLaren is poised to build on its current achievements and pursue further victories in the future.
