McLaren Racing – McLaren Group announces new investment in McLaren Racing

  • US sports investment group acquires significant minority stake in McLaren Racing
  • The introduction of capital and experience of the partners is part of the Group’s ongoing strategy
  • The transaction values ​​McLaren Racing at £ 560 million after the money and strengthens the team’s long-term plan for regular Formula 1 championship contention.
  • Reaffirms the team’s position at the heart of the McLaren Group

McLaren Group announced today that it has attracted significant new long-term investment in McLaren Racing led by MSP Sports Capital, the US-based sports investment group, to help drive its plan to return to the top in Formula. 1 and continue its growth as a global sports franchise. MSP is jointly investing with its strategic partners UBS O’Connor, LLC. and The Najafi Companies.

MSP Sports Capital is a diversified sports investment group with strategic property holdings at the intersection of global media rights, distribution technologies, content creation, sponsorship, esports, betting and data. The directors of MSP Sports Capital are recognized and experienced figures in the sports industry, including owners, investors and operators in Major League Baseball (MLB), National Basketball Association (NBA), ESPN and sports management.

The transaction sees MSP Sports Capital acquire a significant minority stake in the team, and McLaren Group remains the majority shareholder. MSP Sports Capital will invest a total of £ 185 million in McLaren Racing, acquiring an initial 15% stake that will increase to a maximum of 33% by the end of 2022. The transaction values ​​McLaren Racing at £ 560 million.

CEO Zak Brown has made a long-term commitment to McLaren Racing and his leadership team remains in place. Paul Walsh will serve as McLaren Racing president, while Jahm Najafi and Shaikh Mohammed bin Essa Al Khalifa will become vice presidents. As part of the transaction, MSP Sports Capital’s Jeff Moorad and UBS O’Connor’s Rodrigo Trelles Zabala are appointed to the McLaren Racing board of directors, along with McLaren Group’s Sultan Ojjeh and Will Griffiths.

Luxury supercar maker McLaren Automotive remains wholly owned by the McLaren Group and is not a party to this transaction.

Paul Walsh, CEO of McLaren Group, commented:

“The partnership we announce today represents another important step in our proactive strategy to position the McLaren Group for long-term success. Bringing capital and partner expertise to McLaren Racing will support the team’s return to the front of the grid and further strengthen our financial position.

“The fact that we have attracted a strategic investor of the caliber of MSP Sports Capital is testament to McLaren Racing’s unique history and exciting prospects. The business remains part of the McLaren Group and we look forward to working with MSP Sports Capital to deliver the next chapter of growth and success. “

McLaren Racing CEO Zak Brown commented:

“This investment represents a key moment in the progress of McLaren Racing. MSP Sports Capital is first and foremost a sports investor. They know the market and their team has considerable experience and proven success in global sports properties. They are partners as well as shareholders, with the ability to leverage their network and knowledge for the long-term benefit of McLaren Racing.

“This new investment reinforces our plan to return McLaren to the contention for victories and championships in Formula 1 and IndyCar, and will strengthen our positive momentum as we continue to focus relentlessly on our mission to return to the top of the podium.”

Jeff Moorad, Director of MSP, added:

“We are excited about the opportunity to support Zak Brown and his leadership team and help the McLaren Racing brand grow. We are committed to helping the team achieve its goal of returning to the front of the grid. “

Jahm Najafi, Director of MSP and President / CEO of The Najafi Companies, said:

“As an MSP partner, I am delighted that The Najafi Companies has significantly increased our support for MSP and their investment in McLaren. This investment reflects the strength of our relationship, as well as the confidence we have in the McLaren Racing team platform. I am delighted to accept the position of Vice President and I look forward to contributing to the growth and success of McLaren Racing. ”

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