US EditionMcLaren Racing's $4.1 Billion Valuation: Shares Sold, Future Bright!
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10 Articles
kreiszeitung.de
hna.deAccording to Zak Brown, the announced sale of the shares in McLaren Racing has been completed – McLaren Racing is now valued at $4.1 billion.
In recent years, McLaren has managed to move from being a team that closed the grid to being the great dominator of the category, to the point of having practically won its second world championship of Formula 1 builders in the absence of seven races yet to be played. That, along with the fact that Formula 1 is at its best in terms of economic status, has led to a substantial increase in the value of each team. Zak Brown, chief and principal arc…
Zak Brown celebrates F1 commercial success after McLaren stock sale
Following a recent stake sale of McLaren Formula 1 team, Bloomberg have estimated that the team is now valued at $4.1billion. McLaren CEO Zak Brown explained what this sale means for the team and the overall success of F1 in recent years. Brown reacts to new team ownership Mumtalakat and CYVN Holdings were previously stakeholders... The post Zak Brown celebrates F1 commercial success after McLaren stock sale appeared first on Motorsport
McLaren Racing CEO Zak Brown confirmed that the sports division of McLaren Group has now been completely sold. The sale of the last minority stake in McLaren was made early this month, consolidating the exclusive ownership of Mumtalakat and CYVN Holdings, set a new record for investment in the history of sport. MSP Capital, which had acquired a 15% stake in McLaren in 2020, then increased it to 33%, withdrew from (...)
McLaren Racing's $4.1 Billion Valuation: Shares Sold, Future Bright!
McLaren Racing has announced that its main shareholders, the Bahraini sovereign wealth fund Mumtalakat and CYVN Holdings, have acquired the remaining 30% stake, bringing total ownership to 100%. This sale values McLaren at $4.1 billion and encompasses its entire motorsport portfolio, including Formula 1, IndyCar, and the upcoming WEC Hypercar. CEO Zak Brown expressed confidence in Formula 1’s ongoing success, highlighting record interest from fa…
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