MSP Sports Capital Buys into McLaren Racing

US-based investment group MSP Sports capital is negotiating a significant minority stake in McLaren Racing, representing a deal that the Formula One team said it would them the “proper tools to return to the top of the league.”

US-based investment group MSP Sports capital is negotiating a significant minority stake in McLaren Racing, representing a deal that the Formula One team said it would them the “proper tools to return to the top of the league.”

The company announced on Sunday afternoon that the long-term investment is for an initial 15 percent holding rising to a maximum 33 percent by the end of the year 2022. The Formula One team said that it values the British racing outfit at $740.5 million.

Under this deal, MSP Sports Capital will put nearly $200 million into McLaren Racing over a two-year period. The former world champions won its last race in the year 2012, but are still historically the second-most successful team in Formula One history, just behind Ferrari. 

Jahm Najafi will become a vice-chairman of McLaren Racing, while Jeff Moorad of MSP Sports Capital and Rodrigo Trelles Zabala of private investment firm UBS O’Connor will join the McLaren Racing board.


© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.