News Details
McLaren get new owners as Saudis jump ship
According to Sky News, Bahrain's state investment fund Mumtalakat is set to purchase a stake in the McLaren Group which is currently owned by Saudi Arabia's Public Investment Fund (PIF), with a deal expected to be completed on Thursday. It's believed that PIF are selling their stake in the manufacturer to Mumtalakat, which would make them McLaren's biggest shareholder. The stake in question includes McLaren Racing and the British manufacturer's motorsport division, which is owned by PIF and Ares Management until the deal is completed. Since 2021, it's understood that PIF and Ares have invested £400 million into McLaren; however, no further investment will be made by either party. Want to...
Full Story »
Full Story »
3y ago from Formula1News.co.uk
0
You May Also Be Interested In...
Bahrain’s Mumtalakat expand stake in McLaren group
Mumtalakat increased it stake at McLaren Group buying off that of Saudi...
3y ago from GrandPrix247.com
F1: Saudis selling McLaren stake to Bahrain?
Saudi Arabia's Public Investment Fund (PIF) is understood to be selling...
3y ago from Pitpass.com
Tost weighing up new two-year F1 offer
Jun.15 Franz Tost may not be heading into full retirement from Formula 1...
3y ago from OneStopStrategy.com
Fittipaldi handed Haas F1 test outing at Silverstone
Pietro Fittipaldi will return to the wheel of a Formula 1 car next month...
3y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo shares emotional Yamaha MotoGP...
Fabio Quartararo has broken his silence on his confirmed departure from...
14h ago from MotorsportWeek.c...
Fabio Quartararo and Alex Rins to leave Yamaha MotoGP...
Yamaha has confirmed that Fabio Quartararo and Alex Rins will leave the...
15h ago from MotorsportWeek.c...
Yamaha confirms Fabio Quartararo and Alex Rins will...
No description available...
18h ago from Motorsport.com
Jorge Martin dismisses points lead: I’m not feeling...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Dennis Hauger is done playing the patient rookie: “I...
No description available...
8h ago from Motorsport.com
David Malukas: Road course gains due to hard work off...
David Malukas is still looking for his first IndyCar win, but the Team...
3d ago from MotorsportWeek.c...
Rosenqvist set to depart MSR at end of season
Recent Indianapolis 500 winner Felix Rosenqvist is set to depart Meyer...
6d ago from MotorsportWeek.c...
Winners and losers from the IndyCar race at Road...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Penalties for Josh McErlean and Adrien Fourmaux...
Josh McErlean and Adrien Fourmaux were summoned to the Stewards office...
13h ago from MotorsportWeek.c...
New WRC constructor gearing up for maiden 2027 car test
No description available...
15h ago from Motorsport.com
Hankook may consider developing specific WRC Acropolis...
No description available...
1d ago from Motorsport.com
Elfyn Evans’ WRC championship lead grows after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Romano: Arsenal have contacted Premier League club for...
Fabrizio Romano has confirmed that Arsenal made contact with Bournemouth...
3h ago from CaughtOffside.com
Report: Arsenal step up talks to sign 70m winger after...
Arsenal are expected to intensify their interest in Paris Saint-Germain...
4h ago from FreshArsenal.com
Arsenal and Man United handed fresh obstacle in the...
Bruno Guimaraes has been linked with a move away from Newcastle United...
11h ago from CaughtOffside.com
Arsenal and Liverpool alerted as 20-G/A target's...
Bradley Barcola continues to be linked with a move away from PSG this...
14h ago from CaughtOffside.com
Comments
Hottest News
Adrian Newey announces 'big' Aston Martin upgrades and...
Aston Martin's team principal and managing... Read More »
10h ago from GPFans.com
Peter Windsor Calls Out George Russell Over Austrian GP...
Former F1 team manager Peter Windsor has launched... Read More »
7h ago from Formula1News.co.uk
George Russell 'completely wrong' in Austrian Grand Prix...
Mercedes F1 star George Russell has been told he... Read More »
7h ago from GPFans.com
